February 20, 2009 10:49 AM
- Text
LAX Modernization is On the Wrong Track
(MoneyWatch) I've been critical of LAX overspending on terminal projects to make them architecturally significant before, and this week the airport has effectively confirmed that they're happy with this misguided strategy. California Home and Design magazine has stated that the LAX Bradley expansion project is one of the "ten most promising future projects of California architecture." That's a problem.
Gina Marie Lindsey, executive director of LAWA, the organization that operates LAX, said "This distinction proclaims that we are on the right track in terms of modernizing LAX, dramatically enhancing the passenger experience and re-establishing the airport as a modern U.S. gateway in a competitive global market." I couldn't disagree more.
Were LAWA able to make a statement by keeping costs to a minimum, then I wouldn't have a problem. But this multi-billion dollar project is far more expensive than it needs to be to gain the same improvements in functionality that are being targeted. It's no coincidence that earlier this week, IATA sent a letter to LAX on behalf of the carriers operating at the airport asking that the airport pay closer attention to lowering project costs.
Despite the claims of LAWA officials, IATA regional VP Douglas Lavin said it best. "Building an iconic gateway at this time is simply unnecessary and unaffordable to airlines and their passengers. It will threaten the competitive position of Los Angeles as an international destination for cargo business and personal travel."
Amen. It's just too bad that LAWA continues to ignore these warnings for the sake of making this project an important architectural landmark. It will mean lost flights and passengers when operating costs inevitably rise to pay for this.
Gina Marie Lindsey, executive director of LAWA, the organization that operates LAX, said "This distinction proclaims that we are on the right track in terms of modernizing LAX, dramatically enhancing the passenger experience and re-establishing the airport as a modern U.S. gateway in a competitive global market." I couldn't disagree more.
Were LAWA able to make a statement by keeping costs to a minimum, then I wouldn't have a problem. But this multi-billion dollar project is far more expensive than it needs to be to gain the same improvements in functionality that are being targeted. It's no coincidence that earlier this week, IATA sent a letter to LAX on behalf of the carriers operating at the airport asking that the airport pay closer attention to lowering project costs.
Despite the claims of LAWA officials, IATA regional VP Douglas Lavin said it best. "Building an iconic gateway at this time is simply unnecessary and unaffordable to airlines and their passengers. It will threaten the competitive position of Los Angeles as an international destination for cargo business and personal travel."
Amen. It's just too bad that LAWA continues to ignore these warnings for the sake of making this project an important architectural landmark. It will mean lost flights and passengers when operating costs inevitably rise to pay for this.
Latest Now in MoneyWatch
- Foreclosure pact: Enough help for homeowners?
- EU: Greece must cut deeper to get bailout
- Big banks, gov't officials strike $25B deal
- LinkedIn swings back to profit
- LinkedIn doubles revenue, beats growth estimates
- Kodak to stop making digital cameras, frames
- Market cap, schmarket cap, Apple still gets no respect
- Philip Morris Int'l income up nearly 8 percent
- Survey: Small biz plans big hires in 2012
- Freddie Mac: Mortgages inch higher but stay low
- Will the European debt crisis sink Obama's re-election?
- Banks in $25B deal to settle foreclosure abuses
- Joe Coffee: Scaling up without selling your soul
- Greek agreement accomplishes nothing
- 401K plans: New rules make costs clearer
- Are women leaders selling themselves short?
- Ask the Experts: New 401(k) rules
Latest CBS News Headlines
on Facebook
on CBS News
- Greece on strike as bailout deal in limbo
- Greece on strike as bailout deal in limbo
- De Beers: rough diamond sales up 27 percent
- Spain set to pass crucial labor market reforms
on Facebook
- Tenn. father charged with murdering couple who"unfriended" daughter on Facebook
- "Person to Person" with George Clooney
- Adele opens up about vocal cord surgery
on CBS News






