Generating Revenue from Commercial Development On or Adjacent to Airports (2017) / Chapter Skim
Currently Skimming:
Pages 1-12
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 1... ...
1 C h a p t e r 1 Introduction 1.1 Overview Many good reasons exist to consider development on an airport or on property adjacent to the airport. Development on and adjacent to airports can result in some or all of these potential outcomes: New revenue to the airport Reduced fees to airlines More jobs in the community Increased cargo service More aviation operations More commercial passengers Conversely, development may be a detriment to airport operations and airport revenue, through outcomes such as: Incompatible land use Conflicts with federal grant assurances Demands on shared infrastructure It's easy to agree that the end goal for airport development is to have all of the potential positive outcomes without the negative ones.
|
From page 2... ...
2 Generating revenue from Commercial Development On or adjacent to airports industrial development. By the end of 2014, close to 3 million square feet of industrial space was fully leased, and more buildings were under way.
|
From page 3... ...
Introduction 3 These scenarios illustrate how the conversation about commercial development often begins, sometimes without airport involvement. Development on or adjacent to the airport may sound like a great idea, but the "build it and they will come" approach usually is not especially successful or particularly easy.
|
From page 4... ...
4 Generating revenue from Commercial Development On or adjacent to airports Chapter 2 functions as a primer, introducing major elements of aviation planning, aviation funding, and land development within a few pages. The chapter explains how development on- airport and on land adjacent to an airport can be coordinated even as the two processes are guided and regulated by separate legislative, legal, and funding structures.
|
From page 5... ...
Introduction 5 Chapter 5: Site Evaluation Toolkit presents a toolkit for documenting locational features, infrastructure, and markets. Chapter 6: Implementation Toolkit presents a toolkit for movingforward with the first steps toward development.
|
From page 6... ...
6 Generating revenue from Commercial Development On or adjacent to airports guidebook user make these determinations. Even when it is not directly applicable, the criteria may add value by reflecting real-world insights, advice, and principles heard during the project research.
|
From page 7... ...
Introduction 7 Because the guidebook is written for a wide range of airport sizes, locations, and structures, criteria in each toolkit may apply to some individual cases more than others. Some may be more applicable to public than private airports, for example.
|
From page 8... ...
8 Generating revenue from Commercial Development On or adjacent to airports Real estate investors' need for land control A comprehensive long-term planning vision Infrastructure availability Consistency of airport goals with regional economic development goals Government support for airport success Competition with non-airport development sites Diversity of off-airport development uses FAA restrictions and approvals 1.2.3 Important Details This report is not intended to be a do-it-yourself guidebook to commercial development. Regardless of size, every airport will probably need expert help at some point along the way.
|
From page 9... ...
Introduction 9 1.3 Other ACRP Work on This Topic In addition to ACRP Report 44, other ACRP works provide related guidance on the topic of revenue generation. In 2007, ACRP Synthesis of Airport Practice 1: Innovative Finance and Alternative Sources of Revenue for Airports began to survey the current practice on the topic.
|
From page 10... ...
10 Generating revenue from Commercial Development On or adjacent to airports 1.4 Organization of Content This section has been created to help guidebook users get the most out of this resource. It starts with an explanation of: How things are arranged (Know, Have, Do)
|
From page 11... ...
Introduction 11 Participants in the case study interviews were assured of anonymity so that they could speak freely about the lessons learned from both successes and failures. Therefore, individual speakers are not identified.
|
From page 12... ...
12 Generating revenue from Commercial Development On or adjacent to airports 1.5 Summary This guidebook is designed to help aviation and real estate professionals and community leaders understand the basic framework of generating revenue from on-airport and near-airport development. To this end, the next two chapters set the stage for the conversation with a discussion of the fundamentals, including the necessary vocabulary and the legal framework specific to on-airport development and development adjacent to the airport.
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.