The Dallas economy would fail to realize some $360 million annually if the six gates at the former Legend Airlines terminal were destroyed, according to a University of North Texas study released yesterday and paid for by the facility's owner, Love Terminal Partners.
According to the study, new passenger traffic at the Legend terminal would spur growth in the area that would generate nearly 500 new jobs, and contribute $118.2 million in direct economic impact annually. In addition, a fully functional terminal could attract $83.2 million in visitor spending, and $160.4 million in indirect impact.
The figures assumed the current Wright law remained in place, and 858,240 new passengers used the terminal each year. The study did not examine the broader impacts on Love Field or Dallas/Fort Worth International Airport.
Love Terminal Partners paid about $20,000 for the study, including a contribution to UNT's Texas Logistics Education Foundation.
Dallas Mayor Laura Miller was traveling and could not be reached for comment. Love Terminal Partners has been a key force in slowing progress of the compromise reached in June by the cities of Dallas and Fort Worth, American Airlines, Southwest and D/FW Airport.
Copyright 2005 LexisNexis, a division of Reed Elsevier Inc. All rights reserved.
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