The Joplin Globe, Joplin, MO

Business

August 9, 2013

Board approves bonds for Tulsa airport projects

TULSA, Okla. — More than $77 million in bond projects have been approved for Tulsa International Airport, including improvements to one of its concourses and the renovation of the rental car facility.

The Tulsa Airports Improvement Trust board approved the bond projects Thursday. One project, involving $42.5 million in bonds, would pay for the renovation of Concourse A. The second, a $35 million bond issue, would fund future renovations to the rental car facility on site.

The Tulsa World reported Friday (http://bit.ly/1exdtDR ) that the rental car renovations have not been finalized, but they have been narrowed to either adding a new parking garage or adding a level to the existing garage.

“This is a project we’ve been talking about and we think we’re far enough along to ask for approval,” said Jeff Mulder, director of airports. “We are just bursting at the seams with our space, and our car rental activity is very strong.”

Renovation work on Concourse A is expected to begin early next year, but workers will begin relocating gates next month.  The project is expected to take about 18 months.

The airport’s Concourse B was opened last year, featuring open spaces, skylights and charging stations for electronic devices. Concourse A doesn’t have those amenities, and Mulder said some airlines that fly out of Concourse A say that puts them at a disadvantage.

Bonds are still outstanding for the Concourse B renovations, but Mulder said the airlines were enthusiastic about the renovations to the other concourse.

“They wanted to move forward and were willing to pay a little more,” Mulder said.

Carl Remus, deputy director of administration and finance, said the airlines have agreed to have their rents raised if necessary after the project is complete.

 

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