I was wondering what ever happened to this great idea we all heard about 10 years ago in which UA was going to build a mx megaplex at IND similar to AA's TUL facility. Walter DCA ----- Original Message ----- From: "W Wilson" <wlw-jr@att.net> To: <AIRLINE@LISTSERV.CUNY.EDU> > CHICAGO, Dec 29 (Reuters) - United Airlines, a unit of UAL Corp. (UAL), > likely will have to pay Indiana state and local governments millions of > dollars in 2002 for failing to meet spending goals in a 1991 economic > development agreement, a United spokesman said on Saturday. > > "We have fallen short of our capital obligation and we are going to pay a > penalty," spokesman Joe Hopkins said. > > The airline estimated earlier this year the penalty would be $32 million, > but the final amount has not been determined, he said. > > The penalty is in connection with an agreement calling for United to build a > major maintenance facility at the Indianapolis International Airport in > return for $294.5 million in incentives from the state and city. > > > The Chicago Tribune reported on Saturday that United has spent $536 million > on the facility, short of $800 million it had agreed to spend. > > United's penalties could rise over the next several years if other > provisions, such as hiring goals, are not met, Hopkins confirmed. The > Tribune reported that the airline could have to repay a total of $190 > million. > > The economic environment for United and other airlines changed following the > Sept. 11 attacks on the United States by men who hijacked commercial > aircraft and crashed them into New York's World Trade Center and the > Pentagon outside Washington. > > Airlines slashed the number of flights as potential passengers chose to > avoid air travel. > > > ©2001 Reuters Limited.