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Des Moines Airport Authority details terminal phasing, new garage and de‑icing improvements
Summary
Des Moines Airport Authority officials told the city council the $212M in grants plus a county loan will fund a multi‑phase terminal expansion, a new parking garage (opened July), a delayed south‑side rental car facility, and a new de‑icing pad that reduces glycol runoff.
Des Moines — The Des Moines Airport Authority on Dec. 8 gave city leaders a progress update on a multi‑phase terminal expansion that officials said is funded by a mix of grants and a county loan and will change airport operations and traffic patterns over the next several years.
Brian Mulcahy, CEO of the authority, said the airport’s business model relies heavily on non‑tax revenues and that parking accounts for roughly one‑third of the authority’s revenue. "We have no back stop. We don't have property taxes," Mulcahy said, underscoring the airport’s dependence on fees and tenant income as it scales up construction and operations.
The authority reported that reserves rose from about $20,000,000 at the time it became an authority in 2011 to roughly $100,000,000 in 2024 before construction spending began. Mulcahy said the county loan supporting the terminal will translate into about $24,000,000 in annual debt service for the authority going forward.
Project phasing and…
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