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.
