No worries, not taxpayer dollars....
AUSTIN (KXAN) — Austin City Council approved an $88 million settlement agreement with LoneStar Holdings, the group that operates the airport’s South Terminal, for a lawsuit in Travis County District Court and another in federal court.
The agreement allows Austin-Bergstrom International Airport the ability to move forward with its expansion and redevelopment program, according to an AUS press release.
As part of its expansion plans for AUS, the city decided last June to use eminent domain to take over the property near the main terminal where the South Terminal sits.
The city agreed to a 40-year deal with Lonestar in March 2016 and then in June 2022 offered to pay the group $1.9 million, which Lonestar denied, citing the amount it took to renovate the South Terminal. As a result, the company filed a lawsuit against the city last August.
https://www.kxan.com/news/local/austin/88m-settlement-approved-for-critical-austin-airport-expansion/