Philadelphia International Airport (PHL) will advance its extensive cargo development program using a portion of its Economy Parking Lot as operational space for business partners requiring airside access. In June, PHL released its Cargo Expansion Strategy, which includes plans to expand the airport’s air cargo facility footprint by 136 acres and almost triple its cargo building square footage from 600,000 to 1.4 million.
“This is the first step in our multi-phased cargo development plans,” said PHL Chief Revenue Officer James Tyrrell. “In order to grow our cargo program, we have to provide our partners with easy access to our runways. Our Economy Parking Lot touches the airfield—this is key for our overall cargo redevelopment program.”
PHL’s Economy Parking Lot is 40 acres. As the airport continues to work to redevelop this strategically located parcel, officials are simultaneously evaluating options to replace airport parking capacity.
PHL’s multi-year cargo expansion program will include an estimated $2 billion in capital investment and generate thousands of high-paying permanent jobs, in addition to many other direct and indirect benefits to the region. The initial phase, which includes the development of the Economy Lot is anticipated to generate approximately 300 jobs and about $100 million in capital investment.
“We could become one of the most successful cargo airports on the East Coast, given our proximity to highways and having undeveloped land adjacent to the airfield,” said Tyrrell. “This gives us an advantage for attracting and collaborating with world-class partners. This is extremely important for the future success of the airport, the city and our region.”
With the Economy Lot closure, PHL is urging holiday travelers to use alternate means for parking or getting to the airport, such as offsite parking lots, public transportation, rideshare, and getting a ride from family and friends.