On Thursday, the airport approved that plan, which will serve as a guide for where and what the airport will build on around seven hundred acres of undeveloped land. The plan could include retail, industrial, and aeronautical projects.
Airport officials say it will also spur private investment and de-emphasize tax dollars.
"Most importantly, long-term, this guide, this long-term plan will help guide the airport in making good decisions moving forward,” said Carl Olson, CIRA Executive Director. “So, we're a good airport, we're a good neighbor for the community and we move forward successfully.”
The new master plan has short-term projects, as well as those 10 years and beyond. Olson says it will need to be updated every couple of years to keep up with the market.
Copyright 2016 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.