Denver International Airport has released a scaled down masterplan for the redevelopment of its South Terminal, slashing $150 million off the original budget.
Yesterday (18 January) the gateway unveiled a new design for its South Terminal Redevelopment Program, which will see the size of a number of parts of the project reduced, and which will cost $150 million less than the original plan.
The programme is made up of independent yet physically integrated projects, including the construction of a 500-room Westin hotel and conference centre, a commuter rail station, and improvements to the existing concourse baggage and train systems.
In addition, the redevelopment includes construction of an open-air plaza – complete with new concessions and leasable space – which will connect the development to the existing Jeppesen Terminal.
The new design – which will be built to meet a $500 million budget, rather than the original estimated cost of $650 million – is similar to the concept that was revealed in July 2010, but smaller, and with fewer unnecessary elements.
For example, the overall square footage of the project will be reduced, as will the size of the train station and the amount of structural steel needed.
Meanwhile, the train station platform canopy has been extended and its shape and design have also been revised. In addition, the new hotel will be one floor shorter than the original plan.
Kim Day, aviation manager at Denver International Airport, said: “This design affords us a number of efficiencies and cost savings and is still visually stunning.
“We are still on track to turn the train station over to RTD for testing at the start of 2014, and open our new hotel in 2015.”
The redevelopment project is expected to create nearly 1,000 jobs for the region, including 600 - 700 construction and design jobs and 250 permanent hotel jobs.
It is also expected to generate approximately $2 million in annual tax revenues for the City and County of Denver’s General Fund.