Burlington International Airport announces plans to add parking

Two Floors & 1400 New Spaces will cost taxpayers nothing
Brian Searles, Director of Aviation at Burlington International Airport, unveiled plans for a major expansion to the airports parking facilities.
The need for additional parking at the airport has become acute, said Searles. Enplanements for Calendar Year 2008 were up 7.3% over 2007. In 2008, the existing garage was filled to capacity at least once nearly every day from February through October. Searles added that when the primary lot is full, vehicles must be moved to the Park & Shuttle location, or even to off-site temporary lots. The result is inconvenience to customers and lost revenue.
To be completed in phases, the new project would ultimately add two floors and 1,400 parking spaces. The addition will also incorporate a variety of creative energy-efficiency features. The phases are scalable, depending on economic conditions.
The full build-out cost for the project is estimated to be $45 million. To pay for the construction, the airport is asking Burlington to seek voter approval in March for a Revenue Supported General Obligation Bond.
Searles added, It is critical to understand that this project will not result in any increase in Burlington area residents taxes. I cant stress that strongly enough. The project will produce sufficient revenue increase to repay the bond without raising taxes. Searles also noted that voter approval does not commit the city to actual sale of the bonds, nor to spending at any particular level.
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