Monday, May 4, 2020

SJC moves ahead with expansion despite downturn in travel

Before COVID-19, San Jose International was one of the fastest growing airports in the country. To keep up with demand, 8 temporary gates were added to Terminal B, and a major expansion plan was put into motion to create 14 new permanent gates, a 300,000 SQFT hotel with 330 room, and 5,300 new parking spaces.

As traffic was down 97% at the airport compared to last year, I think most people assumed the expansion plans would be on hold. However, the San Jose city council unanimously approved the plans.

Eventually, things will get back to normal. When they do, it is better to build in a downturn then when resources are extremely expensive. It's clear that Silicon Valley isn't going away anytime soon and our abundance of work-from-home-friendly tech jobs means we will likely recover faster than other parts of the world. The airport is a critical resource for us, and I'm glad we're still going ahead with this important long-term investment.

Source: The Merc




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