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The first phase will see the construction of a taxiway to connect the Northeast Cargo Center to the rest of O'Hare airport, as well as a facility with office and freight space. Additional facilities with freight and office capacity will be built during the second and third phases of construction.
The construction of the Northeast Cargo Center will also boost Chicago's economy. The project, which will be financed by a $130m investment by Aeroterm and more than $62m of airport funds, is expected to create 1,200 construction jobs, 1,200 permanent jobs and 10,000 regional jobs. The cargo center will also provide O'Hare airport with $600m in economic benefits over the span of the agreement at no burden to Chicago taxpayers, city officials said.
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