Posts: 822
Joined: Sat May 12, 2001 12:31 pm

FedEx Signs GSO Lease

Fri Oct 11, 2002 6:27 am

The Federal Express hub gets the go ahead from the Piedmont Triad Airport Authority. That group voted unanimously Thursday morning in favor of the new hub.

The agreement on the $300 million sorting center signed Thursday will run for 25-years. 

Builders still need to get permits before construction can begin.  The hub should be finished between 2007 and 2009.

More will be in tomorrow's newspapers, I'll post them.
Posts: 1358
Joined: Fri Feb 01, 2002 11:39 am

RE: FedEx Signs GSO Lease

Fri Oct 11, 2002 6:40 am

That's great news. GSO needs this hub badly. Hopefully this is the start of some rebuilding.
One question: any indication as to how this hub will compare in size to MEM or UPS in SDF? Not near as big, I assume...
Posts: 822
Joined: Sat May 12, 2001 12:31 pm

RE: FedEx Signs GSO Lease

Fri Oct 11, 2002 7:20 am

Not sure how it compares, but I read that this initial stage is for 70 flights per day and by 2007 it is supposed to be 150+

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