Why Charlotte business leaders say a new airport deal is "critical"

Why it matters: The new AULA would launch a $2.1 billion capital development project called CLT Beyond. It would also keep CLT's signatory airlines here for the next 10 and a half years.

Between the lines: While the city owns the airport, CLT is financially self-sustaining, meaning airport projects aren't funded by local income or property taxes.

What they're saying: On Thursday, Charlotte-based hotelier Vinay Patel described CLT as "critical" to reporters.

• "It is by far, in my mind personally and I would say should be in everybody's mind, the largest economic development engine, not only Charlotte but our region has," Patel says.
• "Securing [CLT] and ensuring that it stays relevant, it stays thriving and continues to create jobs and opportunities is critical, not only for the city of Charlotte but the state and the region."

What's next: Charlotte City Council is expected to vote Monday night on the AULA.

Plans for CLT upgrades