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The Winchester Regional Airport Authority announced that it was awarded a contract for the Airport Terminal of the Future project for $10.2 million.
The project by G-W Management Services, LLC. will replace the terminal building to meet airfield safety criteria defined by the Federal Aviation Administration.
The new terminal will be 79% larger and include leasable office spaces and a multipurpose business center.
Authority Chairman Bill Pifer said the new building will help the airport become more of a community resource and help them become a leader in advanced air mobility operations.
Construction costs will be paid in part by a grant from the Virginia Department of Aviation and an economic development incentive.
The project does not require direct contributions from local jurisdictions and any debt will be offset by revenue generated by the facility.
Construction is expected to begin in early 2023.