Scottsendale to make up to $20.3 million in cash, equipment and other investment for the expansion of its Phoenix International Airport, including the construction of an automated terminal.
The Scotts Valley Airport Authority announced the plans Thursday.
The airport’s operator, Delta Air Lines, is in talks with private partners to make the investment.
The airport was already expected to have $2.6 billion in cash on hand when it opened in 2000, according to the airport authority.
But it’s now expected to be over $20 billion, with a forecast of $25 billion by 2023.