In 1986, the airport was closed to make room for a planned hotel project.
The state did agree to contribute $7.5 million to the hotel project.
Slated to be completed by the fall, the hotel project is expected to cost $27 million.
The location - close to work and play - is one of the prime selling points behind the hotel project.
As a result several hotel projects have being rejected due to environmental concerns.
More than $4 billion in new casino and hotel projects have been announced or are now under construction.
Three other hotel projects have been built or are under consideration.
Future plans for the hotel project have not yet been disclosed to the public.
There are now 13 hotel projects in the development pipeline.
Despite the high occupancy rate, very few hotel projects are under way.