Burbank Airport Terminal Project Costs $1.3B with Funding Bonds

AI Summary

The Hollywood Burbank Airport is financing a new terminal project expected to cost over $1.3 billion. The terminal will be 355,000 square feet with 14 gates and up to 6,637 parking spaces. This renovation aims to meet current Federal Aviation Administration (FAA) safety standards and is anticipated to be completed by October 2026. The project's funding will come from FAA, airlines, and airport users, as highlighted in an official statement by the City of Burbank government.