The Hillsborough County Aviation Authority has given a new contract and an 8 percent raise to Tampa International Airport CEO Joe Lopano.
Lopano's annual salary is now $393,824.02, per an amendment to his contract that went into effect on Oct. 1. On April 5, 2018, Lopano will receive another 15 percent pay bump.
The aviation authority board voted in August to negotiate a new contract with Lopano. At the time, board members said this would ensure Lopano would stay on at the Tampa airport through the completion of the airport's expansion plan.
Completion of all three phases of the airport's expansion plan — including a new hotel and international terminal — could take until 2028. Lopano's current contract was set to expire in April 2018. The amendment extends the contract through 2021. He accepted a $500,000 bonus in 2013 contingent on him staying with the airport until 2018. He last received a raise of five percent August 2015
The move to negotiate a contract extension for Lopano came after board members provided him with his annual performance review this summer. He scored top marks in nearly every category from every board member, giving him a final score of 4.96 out of five.
Since 2011, Lopano and his team have brought more than a dozen new flights, including a handful of high-profile international routes to Frankfurt, Panama City and most recently to Havana, Cuba to the airport. Lopano is also leading the airport's the single largest renovation since the terminal was built in 1971.