The former passenger terminal building of the Montréal-Mirabel Airport, Canada, will be dismantled after lying dormant for approximately ten years.
The Aéroports de Montréal's (ADM) board of directors have approved the dismantlement and decontamination of the terminal, which has been out of use since 2004.
The decision was taken after the authorities could not find any use for the building, which is located on 15 acres of the 6,000-acre cargo airport site.
The authorities also said that the dismantling would enable them to redevelop a sector of the airport that has access to the apron, runways and Highway 50.
While the authorities did not reveal the details of the bidding process, ADM said that the highest combined bid for the two projects was less than €10.5m.
Speaking to Airport World, ADM president and CEO James Cherry said: "Overall, the prices submitted were very advantageous, thanks to very favourable timing for work providers.
"ADM intends, therefore, to proceed immediately to take advantage of this unique window of opportunity and redevelop the underlying land as soon as possible."
ADM has previously worked on finding a new use for the building and had spent close to €21m in maintaining it.
An economic impact study has revealed that the Montréal-Mirabel International Airport is an important economic driver for the entire Greater Montréal region. It generates a total of €140m in tax revenues a year and the city of Mirabel collects nearly €4m a year in property taxes from firms on the airport site.
"Mirabel Airport is a strategic asset and ADM is constantly working to improve its performance through investments of some C$170m (€119m) over the next few years, including C$40m (€28m) for the repaving of Runway 06-24," added Cherry.