BRIDGETON, MO (KTVI)- The St. Louis Airport Commission approved a major development project at Lambert-St. Louis International Airport. Officials say the Air Cargo Project is geared to be a catalyst for international cargo activity and jobs by expanding Lambert’s aviation facilities and capabilities on the north side of the airfield.
According to the Post- Dispatch, the commission gave its support to a 20-year lease with two 10-year extension options with Bi-National Gateway Terminal LLC for 49 acres on the northern part of the airport acquired a decade ago from Boeing Co.
The project will be constructed in three phases and cargo could be coming into the airport in as soon as 18 months.
The project is expected to generate more than $13.5 million in lease revenue. However, the agreement must still be approved by the City of St. Louis Board of Aldermen.