The Scottsdale Airport terminal area will be redeveloped after the City Council unanimously authorized agreements with private parties whose lease payments will fund construction of the project.
The existing airport terminal building and aviation business center will be knocked down, and two large executive-type hangar facilities and a new aviation business center will be built in its place. Construction is anticipated to begin in February 2017.
“Our recent master plan update and a subsequent market analysis told us clearly that we need more executive-hangar space,” says Aviation Director Gary P. Mascaro, “As we explored how and where to do that, the underutilized terminal area which includes the terminal building and existing office complex was the obvious choice. We are excited about this new partnership, and the improvements it will bring to the airport.”
The estimated cost to build the new facility is $25 million. The project will be financed through Municipal Property Corporation bonds, which are issued by the city and paid with revenue from the lease agreements and ancillary business permit fees. These revenues generated directly from the new project will cover the debt payments over 20 years.
The project partners are Gemini Air Group, an aircraft charter company who will lease hangar facilities, and Maza Concepts, who will lease retail and office space for “The Brick” restaurant.
The project will include a modern office complex, restaurant and two executive-hangars, all built to the “LEED” energy efficient design and operating standards of the U.S. Green Building Council.
This project also provides the opportunity to add amenities like a banquet/meeting facility and a parking garage to fully maximize use of airport-owned land. In addition, a nonprofit organization is raising money to add an art component that celebrates the airport’s rich history as a World War II training field.
