LAX Concessions Contract Approved by Trade Committee

Stories
February 21, 2012 12:45 pm

A contract that will bring new concessions to Los Angeles International Airport and generate $331 million in revenue for the agency that oversees the airport was approved today by the Trade, Commerce and Tourism Committee.

The agreement with Westfield Concession Management will add new restaurants and shops to the Tom Bradley International Terminal, Terminal 2 and the Theme Building. The 17-year-contract will bring in a total of $331 million for Los Angeles World Airports.

Under the contract, which still requires approval by the Los Angeles City Council, Westfield will spend $81.9 million to improve the terminals, and another $16.4 million to refurbish the outlets halfway through the agreement.

The other two finalists for the contract were AirMall USA and Market Place Development. Westfield Concession Management also manages restaurants and retail at airports in Chicago, Boston, New York, Miami, Orlando, Houston and Washington, D.C.

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