Bradley Airport’s $210M ground transportation center faces financial roadblocks

Bradley Airport’s $210M ground transportation center faces financial roadblocks

It was just over a year ago that Bradley International Airport officials began construction on a $210-million ground transportation center that will eventually house all rental car companies at the airport — eliminating the need for shuttle service to off-site locations. As a result of COVID-19, Bradley Airport’s passenger traffic is down about 60% from last year, travel to international and domestic destinations is restricted or limited, and car rental companies dependent on airline passengers are hurting, with industry behemoth Hertz filing for bankruptcy in May. Normally, such economic conditions might put a major development like the ground transportation center on hold. That’s not happening. Instead, the Connecticut Airport Authority (CAA) is moving ahead with the project — scheduled to be completed in 2022 — because it has no choice. The lion’s share of the approximately $151 million to fund the ground transportation facility is already bonded out, and the airport’s debt repayment plan hinges on fees it will charge rental car companies.

https://www.hartfordbusiness.com/article/bradley-airports-210m-ground-transportation-center-faces-financial-roadblocks

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