updated 10/19/2009 5:45:23 PM ET 2009-10-19T21:45:23

Airport commissioners are considering a $1 billion makeover for Los Angeles International Airport.

The Los Angeles Board of Airport Commissioners will vote Monday whether to award two contracts to vastly expand the aging Tom Bradley International Terminal to accommodate more people and larger planes.

However, the decision comes at a time when airlines are in a financial slump and the number of overseas passengers at LAX has dipped.

The $1.13-billion project, dubbed "Bradley West," would build nine airline gates, demolish the existing terminal and replace it with two new concourses. The project would add 1 million square feet to the terminal. Bond and airport money would pay for the project, with completion expected by 2013.

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