LAX Receives 43 Vendor Bids for Terminals 4, 5, 7 and 8
By Art Marroquin, Staff Writer
October 29, 2009
Los Angeles International Airport on Thursday received 43 bid applications from companies wanting to operate shops and eateries in Terminals 4, 5, 7 and 8.
Airport staff will now evaluate 25 proposals to operate eateries, along with 18 retail applications, said Gina Marie Lindsey, executive director of LAX.
The Board of Airport Commissioners is expected to award the concession contracts in early 2010.
"We are gratified and very excited about the number of responses we received, especially in the midst of this unpredictable economy," Lindsey said. "We are particularly encouraged by the number and diversity of proposals that include local Los Angeles brands and businesses."
Companies that open shop at LAX will be required to invest at least $650 per square foot to refurbish their units, along with rental payments of 12 to 21 percent of their gross annual income, according to an airport report released in May.
LAX offers significantly less room for shops and restaurants than most major airports across the country, offering only 5.1 square feet of concession space for every 1,000 people passing through the airport with an average spending of $7.85 per passenger, according to a report released last year.