IA: DSM Cuts Size of Proposed Terminal, but Remains $200M Short

March 12, 2018

The Des Moines Airport board has cut the size of a proposed new terminal, but still finds itself $200 million short of the total cost. 

Consultants presented a plan Tuesday that reduces the terminal by one floor and 37,000-square-feet, moves the rental car facility one mile off the existing site and cuts the cost of the project by $62.4 million.

The "value-engineering" exercise was conducted late last year after the board was notified its funding shortfall had reached $225 million — $25 million more than its initial projections, said Kevin Foley, airport executive director.

Read more: https://www.desmoinesregister.com/story/money/business/development/2018/03/08/des-moines-airport-cuts-size-new-terminal/404021002