WEBVTT

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MEAN FOR PASSENGERS AND

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TAXPAYERS.

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>> IT'S BEEN 20 YEARS SINCE

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MAYOR DALEY ANNOUNCED A PLAN TO

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RENOVATE O'HARE AIRPORT BUT IT

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FIZZLED OUT AS AIRLINES REELED

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AFTER 9/11.

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YESTERDAY, THE CITY COUNCIL

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APPROVED AN $8.5 BILLION PLAN

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FOR A NEW EXPANSION PROJECT.

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IMMEDIATELY, MAYOR RAHM EMANUEL

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CITY AVIATION OFFICIALS AND THE

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FOUR BIGGEST AIRLINES AT O'HARE

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SIGNED AN AGREEMENT TO LAUNCH

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THE PROJECT.

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MORE GATES, TERMINAL

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REVITALIZATION AND UNDERGROUND

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PEOPLE MOVER AND PERHAPS MOST

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SIGNIFICANTLY A LONG PLANNED

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WESTERN ACCESS ARE ALL PART OF

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THE PLAN.

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THE C.E.O. OF O'HARE'S BIGGEST

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TENANT UNITED AIRLINES OFFERED

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THIS OUTLOOK...

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>> THERE IS ONE THING THE

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AIRLINES CAN AGREE ON WHICH IS

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NOT OFTEN BECAUSE WE ARE

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COMPETITORS CLEARLY, BUT THAT

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AIRPORTS MAKE A DIFFERENCE.

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CUSTOMERS HAVE A CHOICE WHERE TO

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CONNECT AND HOW TO CONNECT AND

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WHEN THEY HAVE THE KIND OF

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PROPERTY AND PHYSICAL FACILITIES

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THAT WE ARE BUILDING HERE IN

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CHICAGO THE SECOND CITY WILL NO

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LONGER HAVE AN AIRPORT SECOND TO

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ANYBODY ELSE.

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>> JOINING US WITH MORE ON THIS

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AMBITIOUS PLAN IS GINGER EVANS

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SHE IS THE COMMISSIONER OF THE

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CHICAGO DEPARTMENT OF AVIATION.

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COMMISSIONER THANK YOU FOR BEING

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WITH US.

01:20.166 --> 01:25.433 align:start position:10% line:74% size:67.5%
>> THANK YOU FOR HAVING ME.

01:21.700 --> 01:28.600 align:start position:10% line:74% size:57.5%
>> THE THE AIRFIELD HAS

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UNDERGONE A LOT OF CHANGES WITH

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NEW AND SOME EXTENDED RUNWAYS.

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WHERE HAVE THE GATES AND THE

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TERMINALS FALLEN SHORT?

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>> WELL, O'HARE HAS NOT ADDED A

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NEW GATE IN 24 YEARS WHICH IS

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INCREDIBLE WHEN YOU THINK ABOUT

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O'HARE'S SIGNIFICANCE IN THE

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SYSTEM.

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SO THERE HAS BEEN A CRITICAL

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INVESTMENT AND IMPROVEMENT IN

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THE AIRFIELD NEARING COMPLETION.

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BUT THE LACK OF NEW GATES WAS A

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NOTICEABLE ISSUE.

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WE WILL THIS YEAR FOR THE FIRST

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TIME HAVE THE FIRST NEW GATE

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CAPACITY, SHORT-TERM GATES AND

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WE WILL BE ADDING OTHER GATES AS

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WELL OVER THE NEXT FEW YEARS.

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>> HOW HAS THAT IMPACTED

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OPERATIONS AT OWE O'HARE?

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>> I'M SURE YOU'VE FLOWN IN AND

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OUT WAITING FOR A GATE TO FREE

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UP.

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IT'S CAUSED CONGESTION IN THE

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TERMINAL AREA AND THE INABILITY

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FOR THE AIRLINES TO MOVE THE

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AIRCRAFT MOVE OUT EFFICIENTLY

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AND YOUR DEPARTURE IS ON TIME

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AND OTHER IMPACTS.

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>> YOUR DEPARTMENT PRODUCED AN

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ANIMATION.

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LET'S LOOK AT IT AGAIN.

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AND TELL US WHAT WE'RE SEEING AS

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FAR AS YOUR PLANS.

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>> HERE IS THE NEW GLOBAL

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TERMINAL IN THE CENTER OF THE

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SCREEN AND THE SATELLITE OFF TO

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THE LEFT.

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AND THAT WILL BE BUILT WHERE

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TERMINAL 2 SITS TODAY AND THERE

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IS A SHOT OF IT.

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THREE NEW CONCOURSES OUT TO THE

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WEST OF EXISTING TERMINAL 2 AND

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A NEW INTERNATIONAL TERMINAL

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WHERE TERMINAL 2 IS TODAY.

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AN EXPANSION OF TERMINAL 5 NEW

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GATES, ROADWAY, PARKING

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STRUCTURE, NEW HOTEL.

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AND THIS IS BY THE WAY ONE OF

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THE FIRST DEVELOPMENTS THAT YOU

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WILL SEE.

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AND THIS IS THE EXTENSION OF THE

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AIRPORT TRANSIT SYSTEM OUT TO

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THE NEW FACILITY.

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AND NEW CONNECTIVITY TO A

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RENOVATED HILTON HOTEL AND THE

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PARKING STRUCTURE.

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THE THREE NEW SATELLITES TO THE

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WEST.

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>> WE WERE HEARING ABOUT

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RESISTANCE FROM AMERICAN

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AIRPORTS THAT CLAIMED THIS DEAL

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WAS COMPLETED WITH A SECRET DEAL

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GIVING UNITED AIRLINES MORE THAN

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ANYBODY ELSE, INCLUDING

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AMERICAN.

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HOW WAS THIS RESOLVED BECAUSE

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AMERICAN SIGNED ON?

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>> SURE.

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WE HAVE DISCUSSED THE GATE

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ALLOCATION FOR ALMOST TWO YEARS.

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IT'S OBVIOUSLY A VERY SENSITIVE

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ISSUE WITH THE AIRLINES BECAUSE

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THAT IS HOW THEY MAKE MONEY IS

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THAT ACCESS TO THE RAMP THROUGH

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THOSE GATES.

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IT'S BEEN A MATTER THAT WAS

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DISCUSSED SEVERAL TIMES DURING

03:52.333 --> 03:57.300 align:start position:10% line:74% size:42.5%
THE NEGOTIATIONS.

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IT WAS CONSIDERED TO BE

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OBVIOUSLY SENSITIVE SO WE LEFT

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IT TO THE END DELIBERATELY.

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AMERICAN SUGGESTED THAT MAYBE WE

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MIGHT WANT TO MAKE THE

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ALLOCATION AFTER THE LEASE WAS

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SETTLED.

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WE DECIDED IT WAS BETTER TO DO

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THAT AS PART OF THE DEAL UP

04:08.866 --> 04:12.466 align:start position:10% line:74% size:15%
FRONT.

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>> WAS UNITED GIVEN MORE GATES

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WITHOUT LETTING OTHERS KNOW

04:12.466 --> 04:16.200 align:start position:10% line:74% size:47.5%
INCLUDING AMERICAN?

04:13.500 --> 04:18.766 align:start position:10% line:74% size:15%
>> NO.

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AMERICAN GETS FIVE NEW GATES

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THIS YEAR.

04:18.766 --> 04:23.800 align:start position:10% line:74% size:77.5%
AND SPIRIT WILL GET A NEW GATE.

04:21.000 --> 04:26.066 align:start position:10% line:74% size:72.5%
UNITED GETS ONE NEW GATE THIS

04:23.466 --> 04:27.233 align:start position:10% line:74% size:12.5%
YEAR.

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AND IN 2021 WHEN WE EXPAND

04:26.066 --> 04:31.266 align:start position:10% line:74% size:67.5%
TERMINAL 5 THAT WILL BE THE

04:27.233 --> 04:33.833 align:start position:10% line:74% size:70%
FIRST NEW GATES THAT WILL BE

04:29.433 --> 04:38.266 align:start position:10% line:74% size:37.5%
MADE AVAILABLE.

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SO AT THAT TIME WE'LL ADD FIVE

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NEW GATES FOR UNITED AND SIX NEW

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COMMON USE GATES THAT WILL BE

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ACCESSIBLE TO EVERYONE.

04:41.300 --> 04:46.000 align:start position:10% line:74% size:70%
>> WHAT WAS IN THE AGREEMENT

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THAT WE SAW ALL OF YOU SIGNING

04:44.466 --> 04:49.666 align:start position:10% line:74% size:60%
WHAT ARE THE KEY POINTS?

04:46.000 --> 04:50.166 align:start position:10% line:74% size:77.5%
WHAT DO YOU HAVE TO COMPLY WITH

04:48.066 --> 04:51.933 align:start position:10% line:74% size:80%
AND WHAT DO THE AIRLINES HAVE TO

04:49.666 --> 04:54.333 align:start position:10% line:74% size:7.5%
DO?

04:50.166 --> 04:54.733 align:start position:10% line:74% size:75%
>> WELL, THE AGREEMENT IS 2000

04:51.933 --> 04:56.900 align:start position:10% line:74% size:70%
PAGES LONG SO IT IS LONG AND

04:54.333 --> 04:57.400 align:start position:10% line:74% size:20%
COMPLEX.

04:54.733 --> 04:57.866 align:start position:10% line:74% size:65%
>> DID YOU READ ALL OF IT?

04:56.900 --> 04:59.333 align:start position:10% line:74% size:35%
>> ABSOLUTELY.

04:57.400 --> 05:00.800 align:start position:10% line:74% size:27.5%
MANY TIMES.

04:57.866 --> 05:02.733 align:start position:10% line:74% size:77.5%
THERE WERE MANY, MANY DRAFTS OF

04:59.333 --> 05:05.033 align:start position:10% line:74% size:35%
THE AGREEMENT.

05:00.800 --> 05:08.033 align:start position:10% line:74% size:60%
SO BASICALLY CHANGES THE

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BUSINESS FRAMEWORK FOR O'HARE TO

05:05.033 --> 05:11.933 align:start position:10% line:74% size:72.5%
I AMODERN FRAMEWORK WHERE THE

05:08.033 --> 05:14.000 align:start position:10% line:74% size:80%
CONTROL OF CAPITAL IS DIFFERENT.

05:10.566 --> 05:15.300 align:start position:10% line:74% size:60%
WHEREAS IN THE PAST BOTH

05:11.933 --> 05:17.100 align:start position:10% line:74% size:72.5%
AIRLINES TO APPROVE A PROJECT

05:14.000 --> 05:18.800 align:start position:10% line:74% size:62.5%
WHICH MEANT THAT A LOT OF

05:15.300 --> 05:20.333 align:start position:10% line:74% size:75%
PROJECTS DID NOT GET APPROVED.

05:17.100 --> 05:21.833 align:start position:10% line:74% size:65%
GOING FORWARD BOTH HAVE TO

05:18.800 --> 05:23.233 align:start position:10% line:74% size:65%
DISAPPROVE OF ANY PROJECT.

05:20.333 --> 05:25.400 align:start position:10% line:74% size:55%
THE BAR FOR ADDITIONAL

05:21.833 --> 05:26.633 align:start position:10% line:74% size:62.5%
INVESTMENT IS MUCH LOWER.

05:23.233 --> 05:27.566 align:start position:10% line:74% size:70%
WE HAVE MANY MORE EXEMPTIONS

05:25.400 --> 05:31.433 align:start position:10% line:74% size:75%
FROM THAT APPROVAL THAN WE DID

05:26.633 --> 05:34.066 align:start position:10% line:74% size:30%
IN THE PAST.

05:27.566 --> 05:37.633 align:start position:10% line:74% size:80%
AND IT NOTABLY APPROVES THIS 8.5

05:31.433 --> 05:38.133 align:start position:10% line:74% size:77.5%
BILLION OF PROJECTS PREAPPROVED

05:34.066 --> 05:39.966 align:start position:10% line:74% size:77.5%
THAT DO NOT REQUIRE APPROVAL AT

05:37.633 --> 05:41.400 align:start position:10% line:74% size:10%
ALL.

05:38.133 --> 05:42.766 align:start position:10% line:74% size:67.5%
IT ESTABLISHES AN EXECUTIVE

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WORKING GROUP BY WHICH WE WILL

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CONTINUE TO COORDINATE AND WORK

05:42.766 --> 05:48.633 align:start position:10% line:74% size:80%
WITH THE AIRLINES THROUGHOUT THE

05:44.300 --> 05:50.866 align:start position:10% line:74% size:77.5%
TERM OF THE 15-YEAR LEASE WHICH

05:46.100 --> 05:52.833 align:start position:10% line:74% size:45%
IS VERY IMPORTANT.

05:48.633 --> 05:55.500 align:start position:10% line:74% size:75%
AND OBVIOUSLY THE COST CENTERS

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AND THE COST ALLOCATIONS AND HOW

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THE COSTS ARE CALCULATED IS AN

05:55.500 --> 05:58.700 align:start position:10% line:74% size:55%
IMPORTANT PART OF THAT

05:56.533 --> 06:00.266 align:start position:10% line:74% size:25%
AGREEMENT.

05:56.900 --> 06:02.366 align:start position:10% line:74% size:77.5%
>> THE $4 BILLION THAT IS GOING

05:58.700 --> 06:06.100 align:start position:10% line:74% size:77.5%
INTO THE PROJECT IS COMING FROM

06:00.266 --> 06:07.600 align:start position:10% line:74% size:77.5%
BONDS THAT WILL BE RETIRED WITH

06:02.366 --> 06:09.500 align:start position:10% line:74% size:72.5%
INCREASES IN LANDING FEES AND

06:06.100 --> 06:12.200 align:start position:10% line:74% size:55%
RENTAL TERMINAL RENTS.

06:07.600 --> 06:14.133 align:start position:10% line:74% size:75%
DOES THIS MEAN THAT PASSENGERS

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WILL BE SEEING A LOT MORE TICKET

06:12.200 --> 06:16.800 align:start position:10% line:74% size:67.5%
PRICES GOING UP BECAUSE THE

06:14.133 --> 06:18.500 align:start position:10% line:74% size:80%
COSTS WILL BE PASSED ON TO THEM?

06:16.000 --> 06:20.166 align:start position:10% line:74% size:45%
>> ABSOLUTELY NOT.

06:16.800 --> 06:21.233 align:start position:10% line:74% size:75%
THE COST OF AIRPORT FACILITIES

06:18.500 --> 06:23.666 align:start position:10% line:74% size:75%
DOES NOT CORRELATE WITH TICKET

06:20.166 --> 06:25.666 align:start position:10% line:74% size:42.5%
PRICES IN ANYWAY.

06:21.233 --> 06:27.133 align:start position:10% line:74% size:57.5%
SOME OF THE LOWEST COST

06:23.666 --> 06:28.833 align:start position:10% line:74% size:65%
AIRPORTS, CHARLOTTE IS ONE

06:25.666 --> 06:29.966 align:start position:10% line:74% size:70%
EXAMPLE STUDIED BY THE "WALL

06:27.133 --> 06:32.100 align:start position:10% line:74% size:75%
STREET JOURNAL" HAS ONE OF THE

06:28.833 --> 06:33.466 align:start position:10% line:74% size:77.5%
LOWEST AIRPORT COSTS AND ONE OF

06:29.966 --> 06:35.033 align:start position:10% line:74% size:62.5%
THE HIGHEST TICKET PRICES

06:32.100 --> 06:37.133 align:start position:10% line:74% size:65%
COMPARED TO U.S. AVERAGES.

06:33.466 --> 06:39.000 align:start position:10% line:74% size:72.5%
>> WHO PAYS THE LANDING FEES?

06:35.033 --> 06:40.500 align:start position:10% line:74% size:67.5%
AND THE RENTS OBVIOUSLY THE

06:37.133 --> 06:43.066 align:start position:10% line:74% size:52.5%
AIRLINES HAVE TO PAY?

06:39.000 --> 06:43.933 align:start position:10% line:74% size:70%
>> THE AIRPORT CHARGES TO AN

06:40.500 --> 06:46.433 align:start position:10% line:74% size:67.5%
AIRLINE ARE BETWEEN 5-8% OF

06:43.066 --> 06:48.366 align:start position:10% line:74% size:42.5%
THEIR TOTAL COST.

06:43.933 --> 06:50.666 align:start position:10% line:74% size:75%
THE BIG COST IS FUEL, THE COST

06:46.433 --> 06:53.400 align:start position:10% line:74% size:50%
OF PILOTS AND LABOR.

06:48.366 --> 06:54.766 align:start position:10% line:74% size:70%
SO YOU KNOW, IF YOU INCREASE

06:50.666 --> 06:56.600 align:start position:10% line:74% size:75%
THAT RENTAL COST BY 1-2% IT IS

06:53.400 --> 06:58.333 align:start position:10% line:74% size:42.5%
NOT A BIG FACTOR.

06:54.766 --> 06:59.333 align:start position:10% line:74% size:70%
THEY WILL PRICE ACCORDING TO

06:56.600 --> 07:01.966 align:start position:10% line:74% size:80%
DEMAND NOT ACCORDING TO THE COST

06:58.333 --> 07:02.266 align:start position:10% line:74% size:35%
OF THEIR RENT.

06:59.333 --> 07:05.066 align:start position:10% line:74% size:70%
>> WHAT WILL THIS $4 BILLION

07:01.966 --> 07:06.600 align:start position:10% line:74% size:15%
COVER?

07:02.266 --> 07:08.800 align:start position:10% line:74% size:80%
AND WHEN WILL THE PROJECT BEGIN?

07:05.066 --> 07:11.233 align:start position:10% line:74% size:80%
>> THE PROJECT HAS BEGUN BECAUSE

07:06.600 --> 07:12.033 align:start position:10% line:74% size:67.5%
WE HAVE STARTED SOME OF THE

07:08.800 --> 07:13.966 align:start position:10% line:74% size:75%
ENABLING PROJECTS RELOCATING A

07:11.233 --> 07:16.200 align:start position:10% line:74% size:32.5%
KEY TAXI WAY.

07:12.033 --> 07:18.000 align:start position:10% line:74% size:62.5%
AND THAT WORK IS ONGOING.

07:13.966 --> 07:21.066 align:start position:10% line:74% size:67.5%
BUILDING NEW DE-ICING PADS.

07:16.200 --> 07:23.433 align:start position:10% line:74% size:77.5%
BUT THE HEAVY CONSTRUCTION WILL

07:18.000 --> 07:24.000 align:start position:10% line:74% size:47.5%
START IN LATE 2019.

07:21.066 --> 07:26.466 align:start position:10% line:74% size:80%
SO BONDS ARE SOLD AS THE PROJECT

07:23.433 --> 07:26.766 align:start position:10% line:74% size:27.5%
NEEDS CASH.

07:24.000 --> 07:29.033 align:start position:10% line:74% size:75%
WE DON'T NEED A LOT OF CASH UP

07:26.466 --> 07:29.300 align:start position:10% line:74% size:15%
FRONT.

07:26.766 --> 07:32.466 align:start position:10% line:74% size:77.5%
WE HAVE A LOT OF DESIGN WORK TO

07:29.033 --> 07:34.766 align:start position:10% line:74% size:7.5%
DO.

07:29.300 --> 07:38.600 align:start position:10% line:74% size:72.5%
AND SO, IT WILL PROCEED IN AN

07:32.466 --> 07:41.533 align:start position:10% line:74% size:40%
ORDERLY FASHION.

07:34.766 --> 07:43.333 align:start position:10% line:74% size:80%
>> NOT UNTIL LATE NEXT YEAR WILL

07:38.600 --> 07:45.200 align:start position:10% line:74% size:67.5%
WE SEE THE HEAVY EQUIPMENT.

07:41.533 --> 07:48.133 align:start position:10% line:74% size:75%
>> WE NEED TO DO DESIGN FIRST.

07:43.333 --> 07:50.233 align:start position:10% line:74% size:80%
>> AS PART OF YOUR PLAN YOU HAVE

07:45.200 --> 07:52.500 align:start position:10% line:74% size:75%
SET ASIDE SOME OF THE WORK FOR

07:48.133 --> 07:54.466 align:start position:10% line:74% size:50%
MINORITY BUSINESSES.

07:50.233 --> 07:58.233 align:start position:10% line:74% size:80%
BUT THE BLACK, LATINO MEMBERS OF

07:52.500 --> 07:59.533 align:start position:10% line:74% size:77.5%
CITY COUNCIL ARE REALLY PUTTING

07:54.466 --> 08:01.300 align:start position:10% line:74% size:72.5%
A LOT OF WEIGHT ON MONITORING

07:58.233 --> 08:05.700 align:start position:10% line:74% size:70%
THIS INDIANA SURING THAT YOU

07:59.533 --> 08:07.266 align:start position:10% line:74% size:77.5%
COMPLY AND MAYBE THEY GET MORE.

08:01.300 --> 08:08.933 align:start position:10% line:74% size:50%
IT STANDS AT 25% FOR

08:05.700 --> 08:09.900 align:start position:10% line:74% size:65%
MINORITY-OWNED BUSINESSES.

08:07.266 --> 08:11.966 align:start position:10% line:74% size:67.5%
AND SOMEWHERE AROUND 5% FOR

08:08.933 --> 08:14.200 align:start position:10% line:74% size:52.5%
WOMEN OWNED BUSINESS.

08:09.900 --> 08:15.733 align:start position:10% line:74% size:60%
CAN YOU IMPROVE ON THAT?

08:11.966 --> 08:17.200 align:start position:10% line:74% size:65%
>> WE HAVE IN PROFESSIONAL

08:14.200 --> 08:18.433 align:start position:10% line:74% size:70%
SERVICES HISTORICALLY ALWAYS

08:15.733 --> 08:20.033 align:start position:10% line:74% size:52.5%
EXCEEDED THOSE GOALS.

08:17.200 --> 08:22.266 align:start position:10% line:74% size:77.5%
CONSTRUCTION IS TOUGHER BECAUSE

08:18.433 --> 08:23.900 align:start position:10% line:74% size:32.5%
IT'S LOW BID.

08:20.033 --> 08:25.433 align:start position:10% line:74% size:72.5%
BUT REMEMBER THAT THE GOAL IN

08:22.266 --> 08:28.066 align:start position:10% line:74% size:70%
CONSTRUCTION IS A LITTLE BIT

08:23.900 --> 08:30.033 align:start position:10% line:74% size:52.5%
HIGHER IT'S 26 AND 6.

08:25.433 --> 08:30.833 align:start position:10% line:74% size:70%
WE HAVE MET THE GOALS IN THE

08:28.066 --> 08:32.200 align:start position:10% line:74% size:77.5%
PAST AND WE'LL MEET THEM IN THE

08:30.033 --> 08:34.733 align:start position:10% line:74% size:17.5%
FUTURE.

08:30.833 --> 08:35.800 align:start position:10% line:74% size:57.5%
26% OF A BIGGER NUMBER.

08:32.200 --> 08:38.600 align:start position:10% line:74% size:55%
SO IN THE PAST OUR 26%

08:34.733 --> 08:40.033 align:start position:10% line:74% size:77.5%
PARTICIPATION HAS BEEN HUNDREDS

08:35.800 --> 08:42.000 align:start position:10% line:74% size:77.5%
OF MILLIONS OF DOLLARS GOING TO

08:38.600 --> 08:42.300 align:start position:10% line:74% size:70%
MBE FIRMS IN THE FUTURE TAKE

08:40.033 --> 08:43.766 align:start position:10% line:74% size:75%
THAT NUMBER AND MULTIPLY IT BY

08:42.000 --> 08:45.500 align:start position:10% line:74% size:12.5%
FOUR.

08:42.300 --> 08:46.433 align:start position:10% line:74% size:77.5%
BUT WE WILL MEET THOSE GOALS WE

08:43.766 --> 08:48.133 align:start position:10% line:74% size:55%
ARE CONFIDENT THAT THE

08:45.500 --> 08:50.333 align:start position:10% line:74% size:77.5%
CAPABILITIES THAT THE COMMUNITY

08:46.433 --> 08:50.700 align:start position:10% line:74% size:70%
HAS GOTTEN IN THE PAST YEARS

08:48.133 --> 08:53.166 align:start position:10% line:74% size:75%
WORKING AT O'HARE WILL COME TO

08:50.333 --> 08:54.366 align:start position:10% line:74% size:12.5%
BEAR.

08:50.700 --> 08:56.166 align:start position:10% line:74% size:60%
WE NEED THEM TO GROW AND

08:53.166 --> 08:58.233 align:start position:10% line:74% size:77.5%
DIVERSIFY SERVICE OFFERINGS AND

08:54.366 --> 09:00.633 align:start position:10% line:74% size:62.5%
WE ARE VERY EXCITED ABOUT

08:56.166 --> 09:01.400 align:start position:10% line:74% size:77.5%
WORKING CLOSELY WITH COUNCIL SO

08:58.233 --> 09:03.033 align:start position:10% line:74% size:77.5%
WE CAN BRIEF THEM AND KEEP THEM

09:00.633 --> 09:04.466 align:start position:10% line:74% size:30%
UP TO SPEED.

09:01.400 --> 09:06.300 align:start position:10% line:74% size:70%
>> AND I THEY WANT A REGULAR

09:03.033 --> 09:09.400 align:start position:10% line:74% size:65%
BRIEFING FROM YOU ON THIS.

09:04.466 --> 09:11.000 align:start position:10% line:74% size:45%
EVERY FOUR MONTHS.

09:06.300 --> 09:12.066 align:start position:10% line:74% size:72.5%
SO THE MAYOR SAID 60,000 JOBS

09:09.400 --> 09:13.766 align:start position:10% line:74% size:72.5%
WILL COME OUT OF THE PROJECT.

09:11.000 --> 09:16.366 align:start position:10% line:74% size:72.5%
HOW MANY WILL BE CONSTRUCTION

09:12.066 --> 09:17.566 align:start position:10% line:74% size:60%
JOBS THAT ARE TEMPORARY?

09:13.766 --> 09:20.666 align:start position:10% line:74% size:75%
AND HOW MUCH WILL BE PERMANENT

09:16.366 --> 09:23.433 align:start position:10% line:74% size:12.5%
JOBS?

09:17.566 --> 09:27.266 align:start position:10% line:74% size:75%
>> WELL, IT'S COINCIDENTLY THE

09:20.666 --> 09:29.900 align:start position:10% line:74% size:70%
MODEL SHOWS US THAT EVERYONE

09:23.433 --> 09:32.233 align:start position:10% line:74% size:70%
USES TO CALCULATE JOBS THERE

09:27.266 --> 09:32.766 align:start position:10% line:74% size:80%
WILL BE 60,000 CONSTRUCTION JOBS

09:29.900 --> 09:33.900 align:start position:10% line:74% size:80%
OVER THE EIGHT-YEAR CONSTRUCTION

09:32.233 --> 09:35.466 align:start position:10% line:74% size:17.5%
PERIOD.

09:32.766 --> 09:37.700 align:start position:10% line:74% size:40%
IN TOTAL 60,000.

09:33.900 --> 09:40.800 align:start position:10% line:74% size:70%
AT THE END OF THE PROJECT WE

09:35.466 --> 09:43.266 align:start position:10% line:74% size:77.5%
HAVE A LARGER TERMINAL BUILDING

09:37.700 --> 09:45.100 align:start position:10% line:74% size:75%
WE GO FROM FOUR MILLION SQUARE

09:40.800 --> 09:46.400 align:start position:10% line:74% size:70%
FEET TO SEVEN MILLION SQUARE

09:43.266 --> 09:47.966 align:start position:10% line:74% size:60%
FEET T WILL REQUIRE MORE

09:45.100 --> 09:49.566 align:start position:10% line:74% size:72.5%
PERMANENT JOBS AT THE AIRPORT

09:46.400 --> 09:50.066 align:start position:10% line:74% size:42.5%
AND SERVICE JOBS.

09:47.966 --> 09:51.533 align:start position:10% line:74% size:75%
>> DO YOU HAVE AN ESTIMATE HOW

09:49.566 --> 09:54.433 align:start position:10% line:74% size:12.5%
MANY?

09:50.066 --> 09:57.000 align:start position:10% line:74% size:77.5%
>> THE PERMANENT INCREASED JOBS

09:51.533 --> 09:57.366 align:start position:10% line:74% size:75%
IS ALSO 60,000 BUT THAT IS PER

09:54.433 --> 09:59.933 align:start position:10% line:74% size:32.5%
YEAR FOREVER.

09:57.000 --> 10:01.733 align:start position:10% line:74% size:15%
>> OK.

09:57.366 --> 10:02.800 align:start position:10% line:74% size:77.5%
SO A LITTLE BIT OF FLUCTUATION.

09:59.933 --> 10:05.100 align:start position:10% line:74% size:72.5%
60,000 OVER THE COURSE OF THE

10:01.733 --> 10:06.400 align:start position:10% line:74% size:50%
ENTIRE CONSTRUCTION.

10:02.800 --> 10:06.700 align:start position:10% line:74% size:77.5%
BUT THAT COULD BE SOMEBODY THAT

10:05.100 --> 10:08.800 align:start position:10% line:74% size:65%
COMES BACK TO WORK IS THAT

10:06.400 --> 10:10.733 align:start position:10% line:74% size:15%
RIGHT?

10:06.700 --> 10:11.666 align:start position:10% line:74% size:70%
IT'S NOT 60,000 INDIVIDUALS?

10:08.800 --> 10:14.200 align:start position:10% line:74% size:60%
>> IT'S 60,000 FULL-TIME

10:10.733 --> 10:15.866 align:start position:10% line:74% size:52.5%
EQUIVALENT POSITIONS.

10:11.666 --> 10:16.166 align:start position:10% line:74% size:72.5%
AND THEN THE 60,000 PERMANENT

10:14.200 --> 10:18.333 align:start position:10% line:74% size:67.5%
JOBS ARE DIFFERENT TYPES OF

10:15.866 --> 10:21.433 align:start position:10% line:74% size:12.5%
JOBS.

10:16.166 --> 10:23.200 align:start position:10% line:74% size:77.5%
THOSE ARE TICKET SERVICE AGENTS

10:18.333 --> 10:24.933 align:start position:10% line:74% size:62.5%
AND FOOD PROVIDERS AND...

10:21.433 --> 10:26.366 align:start position:10% line:74% size:72.5%
>> ONE OF THE BIG ISSUES THAT

10:23.200 --> 10:30.900 align:start position:10% line:74% size:65%
HAS PLAGUED THE AIRPORT IN

10:24.933 --> 10:32.466 align:start position:10% line:74% size:80%
RECENT YEARS HAS BEEN THE NOISE.

10:26.366 --> 10:34.100 align:start position:10% line:74% size:62.5%
AND WITH THE SHIFT IN THE

10:30.900 --> 10:35.966 align:start position:10% line:74% size:65%
AIRFIELD AND MORE RUNWAYS,

10:32.466 --> 10:36.833 align:start position:10% line:74% size:60%
THERE'S BEEN MORE NOISE.

10:34.100 --> 10:39.366 align:start position:10% line:74% size:72.5%
THERE WILL BE MORE PASSENGERS

10:35.966 --> 10:39.733 align:start position:10% line:74% size:42.5%
AND MORE TRAFFIC.

10:36.833 --> 10:44.400 align:start position:10% line:74% size:80%
IS THERE GOING TO BE MORE NOISE?

10:39.366 --> 10:45.733 align:start position:10% line:74% size:15%
>> NO.

10:39.733 --> 10:50.100 align:start position:10% line:74% size:77.5%
IN FACT, THE PLAN DESCRIBED AND

10:44.400 --> 10:52.866 align:start position:10% line:74% size:77.5%
MITIGATION PLANS WERE DEVELOPED

10:45.733 --> 10:54.933 align:start position:10% line:74% size:75%
FOR A HIGHER LEVEL OF AIRCRAFT

10:50.100 --> 10:57.700 align:start position:10% line:74% size:77.5%
ACTIVITY THAN WHAT IS FORECAST.

10:52.866 --> 10:59.200 align:start position:10% line:74% size:45%
20% MORE AIRCRAFT.

10:54.933 --> 11:00.200 align:start position:10% line:74% size:77.5%
WE MITIGATED FOR A LARGER NOISE

10:57.700 --> 11:02.233 align:start position:10% line:74% size:80%
FOOTPRINT THAN WHAT IS PREDICTED

10:59.200 --> 11:03.966 align:start position:10% line:74% size:57.5%
TO OCCUR IN THE FUTURE.

11:00.200 --> 11:06.066 align:start position:10% line:74% size:80%
AND REMEMBER THE TERMINAL ITSELF

11:02.233 --> 11:08.333 align:start position:10% line:74% size:75%
DOESN'T CHANGE RUNWAY USAGE OR

11:03.966 --> 11:10.666 align:start position:10% line:74% size:62.5%
THE NUMBER OF OPERATIONS.

11:06.066 --> 11:11.733 align:start position:10% line:74% size:80%
THE TERMINAL PLANS DO NOT CHANGE

11:08.333 --> 11:13.333 align:start position:10% line:74% size:42.5%
THE NOISE AT ALL.

11:10.666 --> 11:15.533 align:start position:10% line:74% size:70%
>> WESTERN ACCESS AND I KNOW

11:11.733 --> 11:16.966 align:start position:10% line:74% size:72.5%
THIS REQUIRES MORE DISCUSSION

11:13.333 --> 11:20.066 align:start position:10% line:74% size:70%
BUT IS THIS GOING TO HAPPEN?

11:15.533 --> 11:23.233 align:start position:10% line:74% size:70%
AND IS EVERYBODY GOING TO BE

11:16.966 --> 11:24.633 align:start position:10% line:74% size:37.5%
HAPPY ABOUT IT?

11:20.066 --> 11:26.600 align:start position:10% line:74% size:80%
>> WELL, I JUST BRIEFED ABOUT 20

11:23.233 --> 11:27.633 align:start position:10% line:74% size:75%
STATE LEGISLATORS THIS MORNING

11:24.633 --> 11:28.566 align:start position:10% line:74% size:62.5%
AND I THINK THEY LEFT THE

11:26.600 --> 11:31.366 align:start position:10% line:74% size:62.5%
BRIEFING PLEASED WITH THE

11:27.633 --> 11:32.600 align:start position:10% line:74% size:50%
PROGRESS WE'VE MADE.

11:28.566 --> 11:34.666 align:start position:10% line:74% size:80%
WE DO HAVE AN AGREEMENT WITH THE

11:31.366 --> 11:39.766 align:start position:10% line:74% size:72.5%
TOLL HIGHWAY AUTHORITY A YEAR