Houston approves Hobby Airport expansion
Houston is one of the largest metros in the United States, which has led many people to consider purchasing one of the homes in the city. A new addition to this area's airport might lead even more property buyers to review the MLS listings in Houston.
Houston Mayor Annise Parker and the City Council approved Southwest Airlines' (SWA) proposal to provide international service at William P. Hobby Airport. This could provide a significant boom to the city's local economy, as the expansion will mean flights to Latin America from the airport by 2015.
"This is a big win for Houston and the traveling public," Parker said. "Competition will lead to jobs, lower fares and a positive economic impact for the city."
The airport will increase offerings to visitors, but the city will not need to invest resources in the new services. SWA will pay $100 million to cover the expansion costs, and will work closely with the city and the Federal Aviation Administration (FAA) to ensure compliance with federal regulations.
The expansion's impact on Houston residents
William P. Hobby Airport, located at 8183 Airport Boulevard, serves major metropolitan areas including Baytown, Freeport and Galveston. It is stationed near several major shopping centers, and is easily accessible to a large portion of residents in the Houston-Clear Lake-Galveston area.
With this expansion, locals will have the opportunity to travel the globe from a nearby airport. Additionally, they might be able to receive lower fares on flights available at this facility.
A Houston Airport System study showed that increased competition may help lower fares, which could lead more people to pursue flights through Hobby. Additional travelers could spend money on flights, and might also invest in the city's hotel, retail, restaurant and tourism sectors.
Job creation is one of the keys to Houston's ongoing success, and the SWA expansion might lead to improvements in this area. According to the Houston Chronicle, the plan could create over 10,000 local jobs, which may help stimulate the local economy.
There will be approximately 20 more departures daily thanks to the expansion, and SWA plans to use new 737 aircrafts that are quieter than older models. City officials expect this to help nearby residents, as it may minimize the impact they feel from the increased air traffic.
Houston's economy might be on the verge of taking flight, so consider buying a home in the city for a chance to see the metro's growth.