A $1 BILLION TERMINAL EXPANSION IS SCHEDULED TO COMMENCE AT RSW

Thursday, October 3, 2024   /   by Mike Shoaff

A $1 BILLION TERMINAL EXPANSION IS SCHEDULED TO COMMENCE AT RSW

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RSW Airport's $1 Billion Expansion: A Boost for Southwest Florida Real Estate

Southwest Florida International Airport (RSW) in Fort Myers is embarking on a massive $1 billion expansion, marking a major milestone for the region’s air travel and economic future. The project, called Terminal E, will introduce 14 new passenger gates, expanded terminal facilities, a new TSA checkpoint, upgraded baggage handling, additional retail spaces, and improvements to taxiways and terminal roadways. This major infrastructure upgrade will enhance the airport’s capacity and passenger experience for years to come.

Project Overview The expansion, set to break ground on October 15, 2024, is expected to take three years to complete. It’s funded by a combination of $900 million in airport revenue bonds, federal grants from the FAA, and support from the Florida Department of Transportation, with no impact on Lee County property taxes.

Impact on Real Estate and Buyers in Southwest Florida As RSW gears up to serve more than 11 million passengers annually by 2024, the airport’s expansion signals tremendous growth potential for the entire region. For homebuyers and real estate investors, this development brings several key benefits:

  • Increased Connectivity: The expanded airport will make Southwest Florida more accessible, attracting new residents, seasonal visitors, and international buyers, all of which can boost property demand.
  • Economic Growth: With the airport projected to generate an $8.3 billion economic impact, new jobs and businesses will arise, fueling a vibrant housing market.
  • Property Value Growth: Improved infrastructure, such as upgraded transportation hubs, typically leads to an increase in surrounding property values, benefiting homeowners and real estate investors.
  • Enhanced Lifestyle: The upgraded airport will improve travel convenience, enhancing Southwest Florida’s appeal as a desirable place to live and invest.

Whether you’re looking to buy a vacation home, relocate, or invest in real estate, this expansion adds even more appeal to an already thriving region.

To learn more about real estate opportunities in Naples and throughout Southwest Florida, contact Naples real estate agent Mike Shoaff today!

RE/MAX Hallmark Realty
Mike Shoaff
821 5th Ave South Suite 105
Naples, FL 34102

The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2025. Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2025. Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.
2025 Royal Palm Coast REALTORĀ® Association. All rights reserved. Information has not been verified, is not guaranteed, and is subject to change. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) of the Florida Gulf Coast Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Mike Shoaff - RE/MAX Blue Skies IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Last Updated: 2/18/2025 4:05 AM CST
The data relating to real estate for sale on this limited electronic display comes in part from the Southwest Florida Multiple Listing Services. Properties listed with brokerage firms other than Mike Shoaff - RE/MAX Blue Skies are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program. The source of this real property information is the copyrighted and proprietary database compilation of the participating Southwest Florida MLS organizations and is Copyright 2017 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. Some properties that appear for sale on this limited electronic display may no longer be available. For the most current information, contact Mike Shoaff - RE/MAX Blue Skies Data last updated 2/18/2025 4:05 AM CST.
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2025. Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.
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