In a recent audit, Denver Auditor Timothy O’Brien found that the Denver International Airport lost nearly $1.5 million in rental car concessions over two years.
In addition to design and implementation, giving conrac facility management to a third party proves beneficial to both airports and car rental companies.
The Chicago City Council’s Finance Committee approved $750 million in borrowing to complete the people mover extension at the Chicago airport by 2016.
The new facility will include a car wash, maintenance facility and additional parking spaces for the five car rental companies located at the Texas airport.
The Birmingham Airport Authority increased a fee that helps support the new rental car building.
As part of the airport’s improvement program, four rental car facilities will be consolidated into one and the cars will be moved closer to the terminal at an estimated cost of $4.2 million.
The Quad-City International Airport wants to increase its customer facility charge from $3 to $3.30 per day to help finance a new consolidated rental car facility.
Respondents have 60 days to submit responses to the Request for Qualifications (RFQ) to operate at the rental car facility that is scheduled to be completed in 2016 at the O’Hare International Airport.
The county’s board of supervisors unanimously approved a more than $1.6 million loan to construct a consolidated rental car facility that is expected to be paid off through customer facility charges in less than 12 years.
In combination with a growth in car rental transactions, flexibility in a customer facility charge and other factors, Fitch Ratings affirmed an ‘A-’ for Houston Intercontinental Airport’s consolidated rental car facility (conrac) bonds and a 'BBB+' for Hartsfield-Jackson Atlanta International Airport's conrac bonds.