Memphis International Airport Adds to Rental Fees to Fund Terminal

The Memphis-Shelby Airport Authority approved an additional $4 dollar transaction fee on all rental cars in order to fund a $48 million terminal, due for completion in 2011, writes The Memphis Online.

The 78-acre terminal will consolidate all rental car companies under one roof, and lessen the time it takes for arriving travelers to get to the rental cars. The terminal will also hold hotel shuttle buses and possibly tourist charters.

The fee is expected to generate between $4.8 million and $5.6 million in the first year, and directors hope to be able to have construction bids by the end of summer, according to The Memphis Online.

The terminal will be built on property that the airport obtained through noise abatement condemnation proceedings in the 1980s, and the old rental lots on “rental car row” will become parking for FedEx Corp.

The consolidation is expected to reduce expenses for the rental car companies and contribute to their expansion.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

6 Takeaways from the 2018 International Car Rental Show

Technological solutions are finally moving from reality to theory, peer-to-peer platforms are being redefined, China has the biggest room for growth, while Sixt’s U.S. aspirations have only just begun.

The Irony of Customer Service in the Digital Age

Sure, any company would jump at the chance to use technology to reduce labor costs. But it also comes with some big, red, flashing warning lights.

Market Forces Driving Car Rental in 2018

An analysis of the conference calls of Avis Budget Group and Hertz Global Holdings reveal trends and initiatives involving fleet right sizing, pricing, ancillary revenue opportunities, and renting to ride-hailing drivers.

Job Finder: Access Top Talent. Fill Key Positions.

>