Colorado Contractor selected by Tampa International Airport for new terminal

cliggittvaluation • May 04, 2023

The Hillsborough County Aviation Authority unanimously approved Colorado-based Hensel Phelps Construction Co. to lead the design and construction of Airside D – the first new terminal for Tampa International Airport in nearly 20 years.


Airside D will be three stories with 16 gates. The terminal will follow the hub-and-spoke design of TPA’s other terminals and will need a people mover system as well as a security and screening facility. Any checked baggage will be dropped at ticket counters located at the airport’s entrance before being shuttled to the airside for screening.


Airside D comes at a projected cost of $790 million, with a completion date set for 2027. The board expects to see an exact contract in August which will provide more specific and concrete details.  VP of Planning and Development, Jeff Siddle, also mentioned Hensel Phelps will change the renderings that have been released to this point.


Hensel Phelps led construction of Orlando International Airport’s Terminal C, a 15-gate $2.8 billion project, which now hosts the new Brightline train station. They are one of the largest general contractors in the country, with 2022 revenue sitting at $5.5 billion. The Tampa Airside D, part of the airport’s master plan, will be funded by federal and state dollars as well as airport-backed bonds.

Thank you for your interest. If you need Appraisal & Valuation Services in the Tampa area, contact:

Mike Cliggitt, MAI, MRICS, CCIM

813.405.1705

findvalue@cliggitt.com

Tampa Appraisal & Valuation Services

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