The Port of Seattle has restarted a $419 million construction project for a rental car terminal at Sea-Tac Airport that was shut down in December because of uncertain financing.
The 23-acre terminal at the junction of International Boulevard and state Highway 518, north of the airport, is now scheduled to open in 2012.
The project will consolidate most of the airport’s rental car counters and rental car parking from the airline terminal and its adjacent garage. Passengers will be shuttled between the rental car terminal and the airport.
The terminal will house 10 rental car companies and some 5,400 rental vehicles as well as a bus maintenance facility.
The terminal’s opening will free up for public use space in the terminal parking garage now used for rental cars.
The construction project will generate up to 1,000 jobs this year, the port said.
The construction was halted late last year when financial markets swooned. The port recently was able to sell revenue bonds to fund continued construction.
John Gillie, The News Tribune
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