Chicago & Midwest + North Side + Finance | February 28, 2023

O’Hare Airport Receives $50M Federal Grant for Terminal 3 Upgrades

O’Hare International Airport will receive $50 million in Airport Terminal Program grant funds from the Biden administration’s Bipartisan Infrastructure Law. The largest such grant this year for any airport in America, it will help upgrade customer amenities, improve security screening and expand accessibility for passengers with disabilities at Terminal 3.

“Terminal 3 is an iconic piece of Chicago infrastructure that must remain a key part of the nation’s aviation system for decades to come,” said Commissioner Jamie. L. Rhee of the Chicago Department of Aviation, which owns and operates both O’Hare and Midway international airports.

The estimated $200-million project at Terminal 3 is a component of O’Hare 21, Chicago’s vision for a 21st century airport. The balance of the Terminal 3 upgrade will be paid for by previously allocated federal funds and airline rates and charges. Construction is scheduled to begin this summer, with completion anticipated in 2025.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).