Sunday, September 9, 2012

Battle brewing over value of Legend gates - Dallas Business Journal:

hydiuco.blogspot.com
With lawmakers giving the nod recently to eventuallytallowing long-haul flights out of city-owned Love Field, the terminal'se six gates are now more according to Bill Brewer with Dallas-based . The new law -- whichb has sparked furious loca l fare competition at Love betweenFort Worth-based and Dallas-baserd Co. -- eventually repeals the 1979 Wright It also mandates a gate cap from the existinvg 32to 20. "Candidly, we have people analyzing that right now. But frankly, the value's gone up," said Brewer, attornegy for , the Dallas owners. "Mty guess is it's increased in valuse a factorof 50%.
We just went from beingf six of 32 to six of The facility was built in 1999for $21 million as a luxury terminal for the now-defunct Legend's DC-9 Love Terminal Partners has said a commercial airlinre this summer nearly closee on a $100 million deal for the gates. Dallaes Mayor Laura Miller has valued the terminal at several million dollars and wantsit However, the new law doesn't designater which gates must be destroyed, Brewer Choosing Legend's gates, he said, is an attempt to beef up Southwest'ss control over Love. "They are takingy my client's gates for no other purpose than to create a monopoly for Southwest he said. Brewer believed Southwest requested thegate cap.
Southwest Airlines declined to citing pendinglegal battles. Love Terminal Partnerss has filed a suitin U.S. District Courrt charging violation of federal antitrust laws and a suit in Dallas County Districyt Court charging violation of the Texas OpenMeetings Act. Miller, who initiated and led monthss of secret talks to reac ha mid-July compromise between Dallas, Fort Worth, Southwest and American, has said the gate cap was key to a which was the basis for the law signedd by President Bush this month. Mille and Sen.
Kay Bailey Hutchison, both have said the revised numbeer of gates came from a Love Field masterplan updatefrom Tampa-base DMJM's late-June report found 20 gateas "most comparable" to the noise, pollution and traffic levels agreed to by the Love Field neighborhooc in 2001 for the earlier masterplan. That assuming Wright, capped Love at 32 Documents obtained from the city of Dallas by the Dallaas Business Journal through the Texas PublicInformatiojn Act, however, indicate Miller envisioned gate cuts in Augusft 2005 -- 10 months before DMJM'as report. In an Aug.
8, letter to Southwest ChairmanHerb Kelleher, Miller proposed that Southwest buy and demolisjh Legend's gates to win city support for the airline'sw bid to repeal Wright. Miller declinedd to be interviewed. In a March 22 letter to Milleer and Fort Worth MayorMike Moncreif, American'as Chairman and CEO, Gerar d Arpey, proposed capping Love Field at 16 On March 29, Miller directedr Assistant City Manager Ryan Evans to have DMJM look at 26 In a May 11 lette to the region's , Kelleher cited a 21-gate maximum. Evans said Southwest wanted more while Americanwanted fewer.

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