The more than $500 million expansion to make way for the FedEx Corp. cargo hub should be finalized this spring.
The remaining work on taxiway extensions and small items along the relocated section of Bryan Boulevard could be completed in May, weather permitting, said Mickie Elmore, PTIA director of development.
The new, nearly 2-mile-long parallel runway opened last month, and FedEx’s latest national cargo hub started sorting its first packages in June of last year.
The relocated sections of Bryan Boulevard and Old Oak Ridge Road were completed several years ago.
The expansion dates from April 1998, when Fed-Ex executives from the corporate headquarters in Memphis, Tenn., came to PTIA to announce the airport had been picked for the overnight sorting corporation’s hub. The first grading for the expansion began six years ago and involved moving 15 million cubic yards of earth, enough to fill Oak Hollow Mall one and a half times.
The expansion has cost $539 million, according to airport figures.
The money includes $300 million from FedEx for the hub complex, $110 million for the new runway, $40 million for the taxiways, $57 million for the Bryan Boulevard relocation and $32 million to prepare the site for the FedEx hub.
In addition to the $300 million through FedEx, the expansion has been funded with $118 million in federal appropriations, $58 million from the state of North Carolina and $63 million through the Piedmont Triad Airport Authority.
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OTHER ACTION
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The Piedmont Triad Airport Authority went into closed session to discuss an economic development matter during its monthly meeting Tuesday. The session was held “to discuss matters relating to the location or expansion of industries or other businesses” and to consider “a tentative list of economic development incentives” that could be offered by the authority.
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