Monterey Regional Airport lands a federal grant to buy three properties, planning for a new terminal.
A 2015 initial study for the Monterey Regional Airport’s master plan lays out a few ambitious goals to attain within six to 10 years, including construction of a new terminal and demolition of the existing terminal, anticipated to be a $200 million project all told. It will enable the airport to come into compliance with Federal Aviation Administration standards.
To get there, the study also lays out some shorter-term goals, including property acquisition. In three deals expected to close June 30, the airport is making progress toward that goal, with purchases of three adjacent properties along Highway 68. (They are the law office of Fenton & Keller, which will remain as a tenant in its existing building; another office building; and an undeveloped parcel.)
MRY Executive Director Mike La Pier expects no obvious changes in the short term, noting the land deal is part of the airport’s long-range plan. “The land gives us a couple of things: We get to control what is built next to [the new terminal] and long-term, it preserves the ability for the airport to expand infrastructure,” he says. “We eliminate the potential of being landlocked.”
The airport will pay $680,000, and secured a $6.8 million grant from the FAA to pay for the rest of the land acquisition, with help from U.S. Rep. Jimmy Panetta, D-Carmel Valley.
“This federal investment will help Monterey Regional Airport meet its construction goals and build a new terminal that is up to FAA standards,” Panetta says.