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The LAX Consolidated Rent-A-Car Facility (or ConRAC) is an under-construction consolidated rental car facility for the Los Angeles International Airport (LAX). When it is operational in 2025, it will consolidate rental car operations currently spread across the surrounding area of LAX into one location adjacent to the 405 freeway.
The LAX Consolidated Rent-A-Car Facility is currently under construction at Los Angeles International Airport. When completed in mid-2024, the US$ 1.5 billion building will be the largest CONRAC in the world at 6,300,000 square feet (590,000 m 2) and will host up to 21,000 rental vehicles.
The ConRAC facility is projected to eliminate over 3,200 daily car-rental shuttle trips. [18] The East and West ITFs are projected to reduce parking and hotel shuttle trips and car trips into the CTA. The LAX/Metro Transit Center is projected to displace car trips by increasing transit ridership.
Formerly known as Dollar A Day Rent A Car, Dollar Rent A Car Systems, Inc. was founded by Henry J. Caruso in Los Angeles, California in 1965. [35] [36] It was purchased for an undisclosed amount on August 15, 1990 by The Chrysler Corporation, which merged Dollar Rent A Car and Thrifty Car Rental into Dollar Thrifty Automotive Group. [37]
Thrifty Car Rental was established in 1958. [2] [3] The company completed an initial public offering (IPO) of common stock in 1987.It would grow in size by purchasing Ohio-based Snappy Car Rental for US$40,000,000 (equivalent to $98,319,463 in 2023) in May 1989.
The airport opened for commercial service as Dallas/Fort Worth Regional Airport on January 13, 1974, at a cost of $875 million (equivalent to $5.5 billion in 2024), which included $65 million for the land and $810 million in total construction costs.
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