People in Gander got their first look at a model of Gander's new airport terminal Thursday night.

The airport authority presented the model to show off what the $40-million building will look like.

Some residents were concerned about what will happen to the current building, including the iconic 1950s-style international lounge and the art on display there.

The details of the new terminal concept include decreasing the overall size of the airport and renewed focus on electronic booking.

Gander airport model 2

The new Gander airport will be designed to handle 250,000 passengers a year, according to the airport authority. (CBC)

It will be designed to handle 250,000 passengers a year.

The airport authority is counting on provincial and federal money to support the project.

CEO Reg Wright said the current terminal has to be replaced because it's simply too big for current demand.

However, he said the old sculptures and other art will remain in the building for now.

"The idea that the wrecking ball is looming ominously over the building and I've got my finger on it, just isn't true," he said.

Gander airport CEO Reg Wright

Gander International Airport Authority CEO Reg Wright is counting on the provincial and federal governments to pitch in to help fund the new airport. (CBC)

Longtime Gander resident Gary Tuff is happy to hear the terminal won't be torn down.

"I think the authority has made it clear they want to preserve what's here," he said. "They're not out to destroy anything. It's just a matter of making the airport work."

"The new terminal building (model) looks good and it's nice to see that some of the characteristics of the old building here now are going to be incorporated into the new terminal."

With files from Chris Ensing