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From page 212... ... 212 C h a p t e r 7 Off-Airport Considerations and Revenue 7.1 Introduction Earlier sections of the guidebook addressed the topic of on-airport development for revenue generation. This chapter considers opportunities for airports to generate revenue from offairport property development. Read the entire page →
From page 213... ... Off-airport Considerations and revenue 213 interests directly, by transporting goods or sales and service (employees) to and from the airport location. Read the entire page →
From page 214... ... 214 Generating revenue from Commercial Development On or adjacent to airports 7.2 Developing Airport Revenues from Tier 4 and Tier 5 Properties Tier 4 and Tier 5 properties have been identified as properties neither owned nor controlled by the airport and without access to the airport airfield (see "The Five Tiers," in Chapter 2) Read the entire page →
From page 215... ... Off-airport Considerations and revenue 215 diversified revenue base that is less dependent on the volume of the airport's aviation activity alone. Airport management teams do have opportunities to develop reliable and long-term revenue sources that go beyond the routine and traditional sources. Read the entire page →
From page 216... ... 216 Generating revenue from Commercial Development On or adjacent to airports 7.3 Through-the-Fence Operations (Tier 4 Property) KNOW Through-the-fence (TTF) Read the entire page →
From page 217... ... Off-airport Considerations and revenue 217 , Approval of a TTF agreement is not part of the statutory authority of FAA; but the agency, if invited, will review and comment on a proposed TTF agreement. FAA will also evaluate a TTF operation once it is implemented as part of an overall determination of that airport's compliance with its federal grant obligations. Read the entire page →
From page 218... ... 218 Generating revenue from Commercial Development On or adjacent to airports • Airport Master Plan? • Strategic Business Plan? Read the entire page →
From page 219... ... Off-airport Considerations and revenue 219 • FAA? • State aviation organization? Read the entire page →
From page 220... ... 220 Generating revenue from Commercial Development On or adjacent to airports SOUND BITE The airport has tried to do as much as possible to set the stage for the right zoning framework. 7.4 Community Land Use Planning for Revenue Generation KNOW Destination zoning around an airport is one strategy to promote the development and implementation of compatible land use zoning around airports. Read the entire page →
From page 221... ... Off-airport Considerations and revenue 221 • Zoning districts? • Permitted uses? Read the entire page →
From page 222... ... 222 Generating revenue from Commercial Development On or adjacent to airports DO The information gathered in this section can help guidebook users discover the current conditions related to destination zoning districts near the airport. If current and planned (future) Read the entire page →
From page 223... ... Off-airport Considerations and revenue 223 7.5 Economic Development and Business Attraction KNOW By providing access to air transportation services, airports play an important role in supporting local and regional economies. Airports offer businesses a means of connecting to broader markets beyond the local area by facilitating transport of inbound goods and outbound products on the freight side, and by transporting business travelers and incoming tourists on the passenger side. Read the entire page →
From page 224... ... 224 Generating revenue from Commercial Development On or adjacent to airports SOUND BITE The airport manager is part of the regional development team. • Tax incentives? Read the entire page →
From page 225... ... Off-airport Considerations and revenue 225 DO The public participation strategy notes and other information gathered in the checklist can be used as a starting point for a conversation about what makes sense for the airport. If programs are currently in place, opportunities may exist for the airport to participate. Read the entire page →
From page 226... ... 226 Generating revenue from Commercial Development On or adjacent to airports SOUND BITE The current off-airport development produces revenue through a TIF district. 7.6 Public Finance Tools and Other Opportunities for Airport Revenue Generation KNOW ACRP Report 121: Innovative Revenue Strategies -- An Airport Guide describes a broad range of tools and techniques that airport operators can use to improve revenue streams, recover costs, or achieve operational efficiencies. Read the entire page →
From page 227... ... Off-airport Considerations and revenue 227 increase in value are set aside to pay the debt service on the bonds. In the case of an airport, a TIF for airport support or projects might be justified if the airport is essential to the activities and businesses in the defined district." SPECIAL ASSESSMENT DISTRICT? Read the entire page →
From page 228... ... 228 Generating revenue from Commercial Development On or adjacent to airports ACCESS FEES AND PRIVILEGE FEES? "Most airports levy airport access fees and some privilege fees on off-airport users. Read the entire page →
From page 229... ... Off-airport Considerations and revenue 229 If these revenue strategies appear to have some potential for revenue generation, or simply for more information, guidebook users also can see ACRP Report 121: Innovative Revenue Strategies -- An Airport Guide. Case Study: Skypark Airport, Bountiful, Utah Case Study: Pocatello Regional Airport, Pocatello, Idaho The Pocatello Development Authority in Pocatello, Idaho, operates a number of TIF Districts, including an urban renewal district at Pocatello Regional Airport, where TIF funds extend or improve infrastructure for businesses locating at the Pocatello Regional Airport Business Park. Read the entire page →

From page 212...

... 212 C h a p t e r 7 Off-Airport Considerations and Revenue 7.1 Introduction Earlier sections of the guidebook addressed the topic of on-airport development for revenue generation. This chapter considers opportunities for airports to generate revenue from offairport property development.