$294 Million State-of-the-Art Economy Parking Opens at LAX

Guests at Los Angeles International Airport (LAX) now have access to one of the most advanced economy parking facilities at any U.S. airport with the opening of a $294 million, state-of-the-art parking structure.

LAX Economy Parking, known as the Intermodal Transportation Facility-West during construction, is the first major component of LAX’s $5.5 billion Landside Access Modernization Program (LAMP) to be completed and opened to the public, and will become a centralized hub for ground transportation in the future. The four-story, 1.7-million-square-foot facility has approximately 4,300 new parking stalls for LAX. It features the latest in smart parking technology to create a streamlined parking experience, including pre-booked parking, intuitive wayfinding, electric vehicle chargers and more.

The facility’s opening was celebrated with speeches and a ribbon-cutting ceremony featuring Los Angeles Mayor Eric Garcetti, Los Angeles Board of Airport Commissioners (BOAC) President Beatrice Hsu, Los Angeles World Airports’ (LAWA) Chief Executive Officer (CEO) Justin Erbacci and Swinerton Builders’ President Dave Callis.

“As the third largest airport in the world, LAX is our gateway to the world — where dreams take flight and we welcome the future of our city with open arms,” said Mayor Eric Garcetti. “LAX Economy Parking is a historic marker of progress in the midst of a once-in-a-generation transformation at the airport — bringing travelers a state-of-art facility that will help reduce congestion, enable our airport to realize its full potential, and continue to create a more seamless travel experience for millions of Angelenos and visitors.”

LAX Economy Parking is the first piece of a complete modernization of the parking experience at LAX. In the near future, all LAX parking structures, including those throughout the Central Terminal Area, will feature smart technology, which will create a more efficient and elevated guest experience. Beginning Oct. 15, guests will be able to make advanced reservations at four structures in the Central Terminal Area (2b, 3, 4 and 7) as well as at the Van Nuys Flyaway terminal garage. Inside, the Parking Guidance System will identify available parking spaces throughout the building on dynamic signage boards, while a Parking Space Indicator System will show available or occupied spaces via overhead lights.

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“Today we begin a series of grand openings that will transform LAX into the modern, sustainable, public transit hub our city deserves,” said Councilmember Mike Bonin (District 11). “This milestone is possible because we brought airport neighbors and airport officials together to modernize LAX, reduce its impacts on local communities, and make it a first-class neighbor, opening the door for big improvements to transportation, job creation and environmental benefits. I am thrilled to see this promise being delivered upon for my constituents, Angelenos and future visitors to our vibrant city.”

Utilizing LAX’s new online parking reservation system at parking.flylax.com, travelers can now pre-book a parking spot for a discounted rate, guaranteeing a place to park. The system includes technology that allows for automatic entry and exit at the gate.

Online pre-booking will offer a parker the greatest discount compared to the drive-up rate of $25 per day, with initial discounts up to 70% off pre-book rates. The earlier a parker pre-books, the greater their discount. LAX Economy Parking rates are also dynamic and based on availability.

“The new economy parking lot is the first of many improvements that will completely transform the passenger experience at LA,” said Councilmember Joe Buscaino (District 15). “With the new lot, along with the connection to the Metro rail system, the automated people mover and the revamped FlyAway program, residents of all income levels will have options for getting to and from the airport, and will no longer have to choose between convenience and affordability.”

A dedicated shuttle bus will transport parkers between the facility and the LAX Central Terminal Area, where a dedicated inner bus lane on the Arrivals/Lower Level will provide quick access to and from the airport away from regular traffic. Once the Automated People Mover (APM) train is operational, passengers will connect to the train system on the second floor of the Economy Parking facility via two pedestrian bridges linking the building to the train station.

“The opening of LAX Economy Parking is an momentous achievement, the first element in our multi-billion-dollar transformation that will forever change how Angelenos and visitors get to, from and around our airport,” said Beatrice Hsu, President, BOAC. “This innovative facility is an integral addition to our airport parking, and will provide a convenient and affordable place to park, while elevating the guest experience at LAX.”