By City News Service Jul 15, 2021 LOS ANGELES (CNS) - The Los Angeles World Airports today praised the Board of Airport Commissioners' unanimous recommendation to the City Council for allocation of more than $1 billion to fund the last and largest phase of construction to modernize LAX terminals 4 and 5. "In approving the acquisition of more than $1 billion in terminal improvements, Los Angeles World Airports is investing in a future for LAX that is environmentally sustainable, innovative and exceptional," said Board of Airport Commissioners President Sean Burton. ``In partnership with American Airlines, LAX's new terminals 4 and 5 reflect our gold-standard vision and will create construction jobs for our local community."