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Page 67
Suggested Citation:"Appendix B - Bibliography." National Academies of Sciences, Engineering, and Medicine. 2020. Estimating Market Value and Establishing Market Rent at Small Airports. Washington, DC: The National Academies Press. doi: 10.17226/25719.
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Page 67
Page 68
Suggested Citation:"Appendix B - Bibliography." National Academies of Sciences, Engineering, and Medicine. 2020. Estimating Market Value and Establishing Market Rent at Small Airports. Washington, DC: The National Academies Press. doi: 10.17226/25719.
×
Page 68
Page 69
Suggested Citation:"Appendix B - Bibliography." National Academies of Sciences, Engineering, and Medicine. 2020. Estimating Market Value and Establishing Market Rent at Small Airports. Washington, DC: The National Academies Press. doi: 10.17226/25719.
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Page 69

Below is the uncorrected machine-read text of this chapter, intended to provide our own search engines and external engines with highly rich, chapter-representative searchable text of each book. Because it is UNCORRECTED material, please consider the following text as a useful but insufficient proxy for the authoritative book pages.

67 ACRP Publications Aviation Management Consulting Group, Inc. ACRP Report 77: Guidebook for Developing General Aviation Airport Business Plans. Transportation Research Board of the National Academies, Washington, D.C., 2012. Crider, R., M. Preisler, E. Autin, S. Roth, S. Fulton, J. Swartzlander, and G. Tharp. ACRP Report 47: Guidebook for Developing and Leasing Airport Property. Transportation Research Board of the National Academies, Washington, D.C., 2011. Grothaus, J. H., T. Helms Jr., S. Germolus, D. Beaver, K. Carlson, T. Callister, R. Kunkel, and A. Johnson. ACRP Report 16: Guidebook for Managing Small Airports. Transportation Research Board of the National Academies, Washington, D.C., 2009. Kaplan Kirsch & Rockwell, LLP, and Aviation Management Consulting Group, Inc. ACRP Legal Research Digest 23: A Guide for Compliance with Grant Agreement Obligations to Provide Reasonable Access to an AIP-Funded Public Use General Aviation Airport. Transportation Research Board of the National Academies, Washington, D.C., 2015. Kramer, L. S. ACRP Synthesis of Airport Practice 19: Airport Revenue Diversification. Transportation Research Board of the National Academies, Washington, D.C., 2010. Kramer, L. S., and A. Seltz. ACRP Synthesis of Practice 25: Strategies for Reuse of Underutilized or Vacant Airport Facilities. Transportation Research Board of the National Academies, Washington, D.C., 2011. Kramer, L. S., J. P. Daniel, M. Moore, M. Moroney, and G. Shafer. ACRP Synthesis of Airport Practice 86: Airport Operator Options for Delivery of FBO Services. Transportation Research Board of the National Academies, Washington, D.C., 2018. Kramer, L. S., S. Landau, J. Letwin, and M. Moroney. ACRP Report 121: Innovative Revenue Strategies—An Airport Guide. Transportation Research Board of the National Academies, Washington, D.C., 2015. Nichol, C. ACRP Synthesis of Airport Practice 1: Innovative Finance and Alternative Sources of Revenue for Airports. Transportation Research Board of the National Academies, Washington, D.C., 2007. Pilsk, W. E., D. C. Benner, and L. M. Timpanaro, Jr. ACRP Legal Research Digest 28: Operational and Legal Issues with Fuel Farms. Transportation Research Board of the National Academies, Washington, D.C., 2016. Reimer, D. S. and P. A. Meyers. ACRP Legal Research Digest 11: Survey of Minimum Standards: Commercial Aeronautical Activities at Airports (J. B. McDaniel, ed.). Transportation Research Board of the National Academies, Washington, D.C., 2011. Ward, S. A. D., R. A. Schnug, J. A. Kohlman, P. A. Meyers, D. Reimer, S. Marr, S. Arnold, and K. Shirer. ACRP Report 114: Guidebook for Through-the-Fence Operations. Transportation Research Board of the National Academies, Washington, D.C., 2014. Federal and State Agency Guidance Federal Aviation Administration. 1984. Land Use Compatibility and Airports. Federal Aviation Administration. 1999. Policy and Procedures Concerning the Use of Airport Revenue. Federal Aviation Administration. 2005. Airport Improvement Program Handbook—Order 5100.38D. Federal Aviation Administration. 2006. Advisory Circular 150/5190–7—Minimum Standards for Commercial Aeronautical Activities. Federal Aviation Administration. 2006. Airport Environmental Handbook—Order 5050.4B. Federal Aviation Administration. 2008. Policy Regarding the Establishment of Airport Rates and Charges. Federal Aviation Administration. 2009. Airport Compliance Manual—Order 5190.6B. A P P E N D I X B Bibliography

68 Estimating Market Value and Establishing Market Rent at Small Airports Federal Aviation Administration. 2009. Northwest Airlines et al. v. Indianapolis Airport Authority. Part 16 Decision. (FAA Docket 16-07-04). Federal Aviation Administration. 2012. General Aviation Airports: A National Asset (Asset 1). Federal Aviation Administration. 2014. In-Depth Review of 497 Unclassified Airports (Asset 2). Federal Aviation Administration. 2016. National Plan of Integrated Airport Systems (NPIAS). Federal Aviation Administration. 2016. Policy on the Non-Aeronautical Use of Airport Hangars. Federal Aviation Administration. 2016. Uniform Appraisal Standards for Federal Land Acquisitions. Federal Aviation Administration. 2017. Comav LLC, Comav Technical Services LLC v. Southern California Logistics Airport Authority. Part 16 Decision. (FAA Docket 16-16-10). Federal Aviation Administration. 2017. Part 13.1 Informal Complaint Follow-Up, Carson City Airport, Nevada. Federal Aviation Administration. 2018. Compliance Guidance Letter 2018-3, Appraisal Standards for the Sale and Disposal of Federally Obligated Airport Property. Federal Aviation Administration. 2018. FAA Reauthorization Act of 2018. Federal Aviation Administration. 2018. Michael Pelzer and Pegasus Parachuting Services v. The State of Michigan. Part 16 Decision. (FAA Docket No. 16-16-05). The Center for Urban Transportation Research, University of South Florida. 2012. Guidelines for Determining Market Value & Market Rent of Airport Property. Florida Department of Transportation. U.S. Government Accountability Office. 2014. “Airport Funding Aviation Industry Changes Affect Airport Development Costs and Financing.” Testimony Before the Subcommittee on Aviation, Committee on Trans- portation and Infrastructure, House of Representatives. Willis, K. C. 2009. “Developing an Airport Leasing Policy: Best Management Practices for General Aviation Airports.” Presented at ANE Winter Conference. Wisconsin Department of Transportation. (n.d.). Airport Leases: An Airport Owner and Management Reference Document. Bureau of Aeronautics. Industry Articles Budd, Pitfield, and Richardson. “The Impact of Airline Lease Agreement on the Financial Performance of U.S. Hub Airports.” Journal of Air Transport Management, 2014. Deweese, G. S. “Valuing the Leased Fee Interest Subject to a Ground Lease—How and Why the Details Matter.” The Appraisal Journal, Vol. 85, Issue 1, pp.18–27, 2017. Hodges, M. A. “Not Yesterday’s Lease—Revisited.” AviationPros, 2016. Hodges, M. A. “Reversion Clauses Revisited.” AviationPros, December 18, 2016. Hodges, M. A. “The Elusiveness of Market Rent.” AviationPros, October 21, 2009. Hufstader, L. “Airport Tenants Face Rent Increases.” Vineyard Gazette, November 16, 2017. Kohlman, J. A. “Changing Landscape of FBO Services.” Aviation Business Journal, 1st Quarter 2017, pp. 55–65. Kohlman, J. A. “Negotiating: 101.” Florida Aviation Business, Winter 2006, pp. 26–27. Kohlman, J. A. “Strategic Business Planning 101.” Florida Aviation Business, Winter 2010, pp. 25–26. Lange, P., and N. Lapenta. “Airport Revenue Diversion: An Introduction.” Airport Business Journal, 3rd Quarter 2016, pp. 67–77. Lindsey, T. J. “An Introduction to the Valuation of Aircraft Hangars—Part 1.” The Appraisal Journal, 2008. Lindsey, T. J. “An Introduction to the Valuation of Aircraft Hangars—Part 2.” The Appraisal Journal, 2008. Messina and Smith. “Emerging Trends in Airport-Airline Use and Lease Agreements in the USA.” Airport Management, Vol. 10, No. 3, 2016, pp. 273–282. Meyers, P. A. “Walk a Mile in My Shoes: The Art and Science of Doing Business with Airport Sponsors.” Aviation Business Journal, 1st Quarter 2013, pp. 16–21. Meyers, P. A. “Walk a Mile in My Shoes: The Art and Science of Doing Business with Airport Sponsors.” Aviation Business Journal, 2nd Quarter 2013, pp. 18–21. Meyers, P. A. “Walk a Mile in My Shoes: The Art and Science of Doing Business with Airport Sponsors.” Aviation Business Journal, 3rd Quarter 2013, pp. 52–55. Panuska, M. “MARC Train Lot Division Among Proposed Fee Changes Set for Aldermen’s Approval.” The Frederick News Post, April 30, 2018. Perkins, W. D. “Let Me Tell You How It Will Be: Paying the Taxman.” Airport & Aviation Appraisals, Inc. Retrieved from http://www.airportappraisals.com/includes/articles/Article-Tax.pdf. Perkins, W. D. “One Airport Value Will Not Fit All Airport Tenants.” Airport & Aviation Appraisals, Inc. Retrieved from http://www.airportappraisals.com/includes/articles/Article-Value.pdf. Perkins, W. D. “Utilizing Appraisals as Constructive Negotiating Tools.” Airport & Aviation Appraisals, Inc. Retrieved from http://www.airportappraisals.com/includes/articles/Article-NegTool.pdf.

Bibliography 69 Prather, B. Leases, From a Developers Point of View. Retrieved from http://www.aviationpros.com/article/ 10456096/leases-a-developers-point-of-view. December 2011. Sevelka, T. “Ground Leases: Rent Reset Valuation Issues.” Appraisal Journal, 2011. Industry Documentation 2016 ACI/IPI Parking Survey Results. InterVISTAS Consulting, Inc. March 2017. Aircraft Owners and Pilots Association. Aircraft Hangar Development Guide: A Valuable Airport Resource. 2005. Benner, D. C. 2017. “General Aviation Minimum Standards and Lease Approaches.” Presented at ACI-NA Legal Affairs Spring Conference, Amelia Island, FL. City of Aberdeen. 2017. “Airport Rent Study: Aberdeen Flying Service, Quest Aviation Hangar 9.” City of Arcadia. 2015. “Appraisal Report.” City of Austin. 2017. Ground Lease Agreement by and Between the City of Austin Department of Aviation and Austin-Bergstrom Landhost Enterprises, Inc. City of Battle Creek. 2017. “General Aviation Leasing/Rents and Fees Policy.” City of Corpus Christi. 2018. “Appraisal Report: Corpus Christi International Airport, Parcels B1, C1 and C2, West General Aviation, East General Aviation.” City of Hayward. 2017. “Airport Rent Study: T-Hangars and Executive Hangars.” City of Lincoln. 2017. General Aviation Leasing/Rents and Fees Policy—For Ground Leases, Hangar Leases, Tiedowns Space, and License and Use Agreements. City of Salem. 2013. “Salem Municipal Airport—McNary Field Airport Lease Policy.” Dictionary of Real Estate Appraisal, 6th Edition. Appraisal Institute. 2015. Dunn, B., K. Holt, K. Johnson, and J. Collins. 2000. AOPA’s Guide to Airport Compliance. Regional Affairs Department. Aircraft Owner’s and Pilots Association. Galaty, F. W., W. J. Allaway, and C. R. Kyle. 2010. Modern Real Estate Practice. DF Institute, Inc. Garrison, C. 2011. “Airport Land Use: Obligations and Best Practices.” Presented at Airport Council International Workshop, San Antonio, TX. Kirsch, P., and D. Reimer. “Session 9: Strategies for Non-Aeronautical Development.” Presented at the 32nd Annual American Association of Airport Executives Basics of Airport Law Workshop and 2016 Legal Update, San Francisco, CA. Lake Havasu City. Airport Lease Policy and Property Management Plan. McAtee, K. P. “Camarillo Airport and Oxnard Airport Hangar Valuation Analysis.” Ventura County, Hoffman Vance & Worthington, Inc., Ventura, CA. 2016. Michigan Department of Transportation. Guidelines For: Airport Land Release, Concurrent Users, Non- Aeronautical Agreements. 2016. Midland International Airport. 2005. “Airport Leasing Policy.” Montana Aeronautics Division. Sample FBO Lease Agreement. Retrieved from https://www.mdt.mt.gov/ aviation/docs/sample-generic-fbo-lease.pdf. National Association of REALTORS®. Code of Ethics and Standards of Practice. 2018. Robert, K. S. “Airport Finance: A Brief Overview.” Penny Hill Press. Damascus, MD. 1998. Trimborn, R. D. 2018. “Dealing with Reversionary Rights.” Presented at Association of California Airports 2018 Annual Conference, South Lake Tahoe, CA. Truckee Tahoe Airport District. 2016. “General Aviation Leasing/Rents and Fees Policy.” Wilson, D. December Newsletter, FBO Partners. December 2014. Wilson, D. April Newsletter, FBO Partners. April 2015.

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Staff from smaller airports typically lack specialized expertise in the negotiation and development of airport property or the resources to hire consultants.

The TRB Airport Cooperative Research Program's ACRP Research Report 213: Estimating Market Value and Establishing Market Rent at Small Airports provides airport management, policymakers, and staff a resource for developing and leasing airport land and improvements, methodologies for determining market value and appropriate rents, and best practices for negotiating and re-evaluating current lease agreements.

There are many factors that can go into the analysis, and this report reviews best practices in property development.

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