Airports across the country are cutting back sharply on renovations and expansions amid a steep drop in travel, The New York Times reports. Passenger numbers are down by as much as 20% at some airports, causing a $150 million drop last year in federal collections for airport capital projects. Stung by lower fees from airline landings, concessions and so forth, airports are halting or scaling back billions of dollars worth of new terminals, parking garages and more. With lead times of about five years for major capital projects, experts say travelers will experience more crowded conditions for years to come once the economy picks up again.
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