SBIAA Welcomes the Eastgate Air Cargo Logistics Center
San Bernardino- The San Bernardino International Airport Authority (SBIAA) made great strides this morning in revitalizing our City’s economy. In a special meeting, all six SBIAA Board members voted to approve the development of the Eastgate Air Cargo Logistics Center in the Northeast portion of the San Bernardino International Airport. After receiving clearance from the Federal Aviation Administration (FAA) on December 23rd, SBIAA held a special meeting today in order to move the ground lease agreement forward with Hillwood Enterprises, L.P for the development of the Eastgate Cargo Facility.
“The Eastgate logistics facility will help give our airport its much needed rebirth. Not only does it have a great economic benefit for our airport, but it also provides great benefits for the residents of San Bernardino,” said Mayor and President of SBIAA, John Valdivia. “I hope to inspire our local residents to take advantage of this great opportunity and apply for the jobs that will be created. This development will provide a great renaissance for our economy and help us move towards a better, more prosperous future in San Bernardino,”
SBIAA Vice President Obvidiu Popescu commented, “This logistic center will not only provide much needed jobs for San Bernardino but also significant economic growth and revenue for the City and our airport”.
The Estate Air Cargo Logistics Center is expected to bring more than 2,000 full time jobs with an average income of $55,000 dollars a year plus benefits. It will also generate millions of dollars in revenue within five years. Already, 11,575 jobs have been created at the San Bernardino International Airport since the existing partnership with Hillwood Enterprises, L.P and currently generates $2.3 billion in our region.
The newly approved Eastgate Air Cargo Logistics Center is the first facility being built at the airport since the closing of the former Norton Field Air Base in 1994. This ground lease development with Hillwood Enterprises, L.P is 100% privately funded and includes approximately 100 acres of land. 658.500 square feet for the cargo sortation building, two 250,000 square foot ground support buildings and 41 acres of structured parking and gate positions. Initial monthly lease revenues from the ground lease are estimated to bring $2,587,804 annually and a 2.69% annual step increase.
The San Bernardino International Airport is the number one airport in cargo growth in the USA. Its extensive platform serves for uncongested airspace, cargo building, bonded warehouse availability, foreign trade zone and much more.