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From page 32... ... 32 To provide more detail on project structure, function, benefits, and risks, a summary of several case examples is presented in the sections that follow. These case study examples were selected on the basis of feedback from the screening and survey results discussed in Chapter 3 and in consultation with the study panel. Read the entire page →
From page 33... ... General Aviation Airport State of the Practice: Case Examples 33 Type Information IATA airport code FTW Airport sponsor City of Fort Worth, Texas Asset category National Based aircraft 410 Operations 160,000 Runway information 16/34 7,502 x 150 (concrete) 17/35 4,005 x 75 (asphalt) Read the entire page →
From page 34... ... 34 Attracting Investment at General Aviation Airports Through Public–Private Partnerships Contracting, Lease, and Financial Considerations The financial considerations for this airport can involve more typical responses. Regarding the project delivery method, officials noted that they decided to move forward with the build– operate–maintain option. Read the entire page →
From page 35... ... General Aviation Airport State of the Practice: Case Examples 35 example, a few lessons learned include issues revolving around "working in silos" and challenges attributed to changes as the project is underway. Overall, Meacham airport officials noted that the transfer of project-related risk and increased project quality were two major benefits of partnering with a private-sector partner. Read the entire page →
From page 36... ... 36 Attracting Investment at General Aviation Airports Through Public–Private Partnerships FAA was not involved in the lease agreement, but FAA grant assurances were incorporated into the agreements. The construction of the hangar had to meet the grant criteria of the State of Oregon, Department of Transportation, ConnectOregon VI grant program. Read the entire page →
From page 37... ... General Aviation Airport State of the Practice: Case Examples 37 the tenant won with lower rent. The airport also stated that the construction of the hangar was intended to encourage development along the eastside of the airport, and the tenant was expected to assist in increasing economic activity at the airport. Read the entire page →
From page 38... ... 38 Attracting Investment at General Aviation Airports Through Public–Private Partnerships the private partner until it is paid in full. The city approved the development site, facility design, and cost, and inspects and accepts the project. Read the entire page →
From page 39... ... General Aviation Airport State of the Practice: Case Examples 39 The airport noted several reasons for pursuing this agreement with a private partner. These include • Access to private capital for development; • Stimulated airport activity; • More innovation and creativity; • Long-term efficiencies in operation and maintenance; • Enhanced airport customer service; • Shift of risk of debt, capital development, and operations to the private sector; • Accelerated project delivery and reduced construction costs; • Increased airport revenue and funding; • Reduced reliance on general tax levies and other traditional sources of airport funding; • Improved operational efficiencies; and • Better use of limited airport resources. Read the entire page →
From page 40... ... 40 Attracting Investment at General Aviation Airports Through Public–Private Partnerships The airport stated that to avoid threats to the success of the project or otherwise impeding the timeline or success of the project, it was necessary to gain trust. This was the airport's first PPP. Read the entire page →
From page 41... ... General Aviation Airport State of the Practice: Case Examples 41 generated. The rental payments are used to provide the services that the town still covers, such as police, fire and emergency response, site planning, code enforcement, and grant accounting. Read the entire page →
From page 42... ... 42 Attracting Investment at General Aviation Airports Through Public–Private Partnerships The two main stakeholders are Morristown and DM Airports, Ltd. Morristown retains ownership of the property and land, while receiving rental payments from DM, and DM Airports is responsible for all maintenance and operations except the provision of police, fire, emergency medical response, and the certain site plan approvals and grant administration through the state and FAA (2) Read the entire page →
From page 43... ... General Aviation Airport State of the Practice: Case Examples 43 • Improved operational efficiencies; and • Better use of limited airport resources. Lessons Learned MMU's management contract is an early example of the usage of PPPs at general aviation airports; a unique set of circumstances drove the town to seek expertise from the private sector, but there are still lessons to be learned and best practices to be derived from this example. Read the entire page →
From page 44... ... 44 Attracting Investment at General Aviation Airports Through Public–Private Partnerships This agreement led to the construction and outfitting of a 130,000 square foot hangar with three bays: one for the coating facility and two heavy maintenance bays. The agreement between the three parties included a workforce development arrangement that offered job training for the students completing the course through FSCJ. Read the entire page →
From page 45... ... General Aviation Airport State of the Practice: Case Examples 45 Benefits to the Airport The reasons the airport pursued this project agreement are as follows: • More innovation and creativity, • Accelerated project delivery and reduced construction costs, • Access to nontraditional funding through the grant, • Utilization of available land/real estate, and • Increased airport revenue and funding. The agreement allowed the airport to construct a state-of-the-art facility and enter a new market in terms of aircraft coating. Read the entire page →
From page 46... ... 46 Attracting Investment at General Aviation Airports Through Public–Private Partnerships JAA also mentioned the educational element as a benefit of the project; the ability to train and utilize students in the facility was a bonus for all parties, as students gained practical, on-site training and the private operator had a pipeline of new talent upon their graduation. The operation and management agreements contain exhibits regarding the mandatory educational criteria. Read the entire page →

From page 32...

... 32 To provide more detail on project structure, function, benefits, and risks, a summary of several case examples is presented in the sections that follow. These case study examples were selected on the basis of feedback from the screening and survey results discussed in Chapter 3 and in consultation with the study panel.