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The facility was built by a public–private partnership known as LAX ConRAC Partners, a consortium of 11 companies led by PCL Construction. [3] Los Angeles World Airports (LAWA), the operator of LAX, awarded the consortium a $2 billion contract, with the construction and operations phases of the facility each costing about $1 billion. [4]
Los Angeles, CA: Los Angeles International Airport (LAX) 2024 The US$1.5 billion building is the largest CONRAC in the world at 6,300,000 square feet (590,000 m 2) and hosts up to 21,000 rental vehicles. It connects to the airport's terminals by an under construction people mover. [54] [55]
The APM will also connect to the LAX West Intermodal Transportation Facility (West ITF), a US$294.1 million, 4,300 space parking structure with a lot to pick up and drop off passengers and areas for shuttle buses, the new LAX Consolidated Rent-A-Car Facility (ConRAC), a massive parking structure that will house all of the major rental car ...
Hangar No. 1 was the first structure at LAX, built in 1929 and restored in 1990. It remains in use. [13]In 1926, the Los Angeles City Council and the Chamber of Commerce recognized the need for the city to have its own airport to tap into the fledgling, but quickly growing, aviation industry.
Hertz’s electric vehicle and CEO about-face is the latest twist after a COVID bankruptcy filing and a deep relationship with Carl Icahn Steve Mollman March 16, 2024 at 2:51 PM
Hertz stock recovered in midday trade following an early slide as the company reported a wider-than-expected fourth quarter loss due to its exposure to EVs, in particular its large Tesla fleet.
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