Firms line up to find new uses for old airport terminal, other properties

The cash-strapped Indianapolis Airport Authority suddenly can’t look soon enough at developing some of its vast real
estate holdings, including the city’s former passenger terminal. This month, it plans to conduct final contract
negotiations with a firm that would study reuse of the old terminal, adjacent land and other airport holdings.

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Expanded FedEx cargo hub not meeting expectations

Indianapolis International Airport, already suffering from a 10-percent drop in passenger traffic and a projected $15 million
revenue shortfall this year, is also feeling financial drag from its single most important tenant. FedEx Express cargo shipments,
which amount to about half of the $25 million in airfield fees generated at the airport, fell
16 percent in the first three months of this year vs. the same period last year.

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Airport considering air cargo facility

Indianapolis airport officials are considering building a smaller version of FedEx’s 2-million-square-foot hub here, one
that could accommodate several cargo carriers from around the globe. The “international air cargo facility” could be up to
several hundred thousand square feet large and could cost tens of millions of dollars to build.

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