LAX’s new parking garage is the first in historic transformation.

Photos courtesy Airports

Mayor Eric Garcetti (center) and other dignitaries cut the ribbon on the new parking facility.On Oct. 19, Airports opened its massive new LAX Economy Parking Lot, a 4,300-space structure that is the first facility to open as part of the airport’s historic $5.5 billion landside modernization program.

Airports is calling the $294 million facility one of the most advanced at any U.S. airport.

LAX Economy Parking 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 Mayor Eric Garcetti, Board of Airport Commissioners (BOAC) President Beatrice Hsu, Airports Chief Executive Officer Justin Erbacci and Swinerton Builders’ President Dave Callis.

LAX Economy Parking is the first piece of a complete modernization of the parking experience at LAX. Guests are now able to make advance reservations at four structures in the Central Terminal Area as well as at the Van Nuys Flyaway terminal garage. 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 percent 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.

LAX’s new parking facility.

A dedicated shuttle bus will take 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.