Entry #4 of Politics in My City: First phase of Bradley terminal opens at LAX

With the $1.9 billion renovation of the first phase of the Tom Bradley terminal at LAX now completed, I wonder whether this investment will actually prove to be profitable for the City of Los Angeles in the long run.  As Gina Marie Lindsey, executive director of Los Angeles World Airports, has said, "the sophistication infused into the new terminal would give LAX an edge since airlines that fly long distances are selective about where they stop".  How does one go about measuring whether the venture is profitable or not?

These thoughts are triggered by the following article:
http://wavenewspapers.com/news/local/culver_city_edition/article_078b71c6-26f7-11e3-a429-001a4bcf6878.html