In January 2015, the airport broke ground for a new administration building, gutting the existing one for renovation, demolishing part of it and adding a third floor to meet future tenants’ needs.
The building will also feature a high tech conference center area on the third level as rentable space ideally suited for corporate training sessions, business conferences, and private events such as wedding receptions. Renovation on the building is slated for completion in May of 2016.
The Meacham Administration Building was built in 1968 as a two-story building with the capability of becoming a five-story building. Other than a first-floor addition in 1982, there have been no updates to the original structure. The renovation will remove the 1982 addition, increasing the size of the public apron for aircraft parking. To make up for the loss of the 1982 addition, a third floor encompassing 23,000 square feet will be added.
The lower level, currently used as basement space, has been redesigned to allow natural lighting on the east, south and north ends, making the space more attractive for leasing. The renovation project addresses many deficiencies, including an outdated heating/ventilation and air conditioning system, cooling towers that are under constant repair, lack of fire protection systems on the ground level and second floor and Americans with Disabilities Act accessibility concerns.
Estimated cost of the construction is $17.5 million.
Meacham has a significant economic impact on the local economy. The airport currently generates employment for 928 people, and according to the statistics developed by the TxDOT and the University of North Texas Center for Economic Development and Research, brought $164.8M in economic activity to the DFW area in 2011. Capital expenditures for the development and upgrading of Meacham facility reportedly generated $25.5M in economic activity in 2011, generating 230 job-years of employment in the Fort Worth community.