The airport Board will meet again on on September 22, 2009, at which time they will begin contemplating the airport's official name (from a list of suggestions compiled from input from public sources).
As of September 3rd, the project was said to be "90% complete with 76% of the contract utilized," meaning that they're doing fantastic job with the budget. The terminal is said to be over 5o% complete.
For all the information you could possible want about the new Airport (except perhaps the name of the new low-cost carrier, which has yet to be announced!), check out www.newpcairport.com.