Aerospace/Defense - Austin, TX, US
LoneStar Airport Holdings, LLC is a private organization engaged in the development, management and operation of airport terminal buildings. LoneStar Airport Holdings, LLC currently holds a 30-year Lease and Concession Agreement (the "Agreement") with the City of Austin, Aviation Department for the South Terminal at Austin-Bergstrom International Airport (the "South Terminal"). Under the Agreement, LoneStar Airport Holdings, LLC will plan, direct and finance the redevelopment of the South Terminal at an approximate cost of $12 million. Additionally, the organization will manage and operate the passenger terminal building. Once construction is complete in early 2017, the three-gate terminal will have the capacity to accommodate several air carriers and up to 400,000 annual enplanements. The entity expects to generate approximately $3.5 million in gross revenue from a variety of sources during the first full year of operations.
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