New restaurants and retail shops at Los Angeles International Airport will be managed by Westfield Concession Management under a multimillion-dollar contract unanimously approved today by the Los Angeles City Council.
The concessions agreement covers Terminals 1, 3 and 6. Westfield will have two years to develop the 69,970 square feet of space and another 15 years to operate the stores. Los Angeles World Airports, which oversees LAX, is expected to receive $180 million to $195 million over those 17 years, according to a report from the Board of Airport Commissioners.
A total of $94.3 million will be spent by Westfield to upgrade the terminals. In the first year of operation, Westfield will pay the airport $240 a square foot for a total of $17 million. A representative for LAX was not immediately available to specifiy which restaurants would move into the those terminals.
The company won a similar contract in January that will give it control of concessions in the Tom Bradley International Terminal, Terminal 2 and the Theme Building.
The vote comes just days after the city council asked to review the Board of Airport Commissioners’ plan to provide free wireless Internet to passengers moving through LAX. On Monday, the Trade, Commerce and Tourism will decide whether the city should move forward with the two-year contract with Advanced Wireless Group.
Westfield Concession Management runs restaurants and shops at airports in Boston, New York, Miami, Newark, Chicago, Washington, D.C. and Houston. Last year, the Los Angeles City Council approved a new contracts for Host International to manage Terminal 4 and for CMS/Camacho Ventures to oversee restaurants in Terminals 7 and 8.