Airport Finance 101 Session 3 - Capital Funding

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Airport Finance 101 Session 3 - Capital Funding"

Transcription

1 Airport Finance 101 Session 3 - Capital Funding

2 Capital Development Funding Improvement Projects usually require substantial funding to be implemented In business world capital is associated with funds used to generate more funds (ex., build new plants to make more product) Airport facilities are capital Airports needs major funds for projects Airfield (Runways, taxiways, aprons) Terminal Building & amenities ARFF and SRE buildings & equipment

3 Airport Capital Improvement Programs (ACIP) Generally needed to plan & program future development usually 5-6 years out* Intended to prioritize development needs in order to identify & assess financial needs ACIPs should include: - Prioritized Project Needs & Schedule - Project Justification - Detailed Project Cost Estimates - Realistic Picture of Potential Funding Sources * Note: ACIP required for FAA AIP funding

4 Federal Funding Airport Improvement Program (AIP) Funds come from ticket & fuel taxes, & other fees Only eligible projects are allowed - must be explicitly mentioned in AIP Handbook - if FAA silent not eligible Certain assurances must be agreed to ( strings ) - FAA Advisory Circulars become mandatory - Agree to protect & maintain airport 20 years - Abide by other federal mandates (DBE, Davis-Bacon, etc.)

5 Federal Funding AIP Fund Distribution Separate pool of funds for various categories - Apportionment (entitlement) funds for commercial airports (based on pax levels) general aviation airports ($150,000/yr) - Discretionary funds - Noise & Environmental Projects - Set-asides & special appropriations

6 Federal Funding FAA Airport Improvement Program (AIP) Entitlement funds based on previous CY enplanements $ / EnPax min pax max pax min AIP max AIP* ,000 50,000 1,000,000 1,000, , ,000 1,000,000 1,820, , ,000 2,210,000 4,420, ,001 1,000,000 2,860,000 5,720, ,000,001 no limit 22,000,000 26,000,000 Note: Large/Medium Hub Airports give back 50%/75% based on PFC level ($3 or $4.50)

7 Federal Funding Discretionary Funds Allocations based on ranked national priorities Safety Security Design Standards Reconstruction Capacity

8 Federal Funding Federal Share of Eligible Projects Large & medium hubs 75% noise projects 80% Other airports 90%

9 State Funding Many states will split non-federal share of projects (50/50) with sponsor Some states have separate program to fund projects not normally federally eligible or high priority (ex, T- hangars, fuel farms, etc.) - 80/20 for aviation needs - 50/50 for economic development (hangars, etc.)

10 Local Funding Local Capital Budget FAA/State contributions yield 95% of project cost Some airports break-even on cost vs revenue but need help meeting capital budget needs Smaller airports may have to be subsidized by municipal (tax) funds or other contributions

11 Passenger Facility Charge (PFC) FAR Part Airports allowed to collect $1, $2, $3, $4, or $4.50 PFC Used for FAA-approved project (sponsor decides priority) AIP eligible Noise mitigation Enhanced competition (broad interpretation) PFC s are treated as local funds Federal requirements are not necessary may be used for sponsor share of FAA projects may be used to fund stand-alone projects may be used to pay finance costs (debt service)

12 Customer Facility Charge (CFC) Fee usually imposed on car rental transactions Used to repay operating & financing costs for ground transportation improvements Consolidated rental car facilities (ConRACs) Bus & people movers Roadways No restrictions but usually aligned w/ground transportation CFC charge collected by rental car companies per day ($1 - $6 /day) per transaction ($3 - $10)

13 Airport Debt First Instance of Airport Related Debt Group of Tulsa businessmen pledged amounts 5,000 25,000 to buy land to build a new airport Used Stud Horse Note as vehicle for investors Collectively pledged $172,000 for 390 acres Investment paid back in airport fees

14 Airport Debt Used primarily for LARGE capital projects - costs too large/risky for any single investor - debt syndicated among many investors - based on airport s creditworthiness - bonding capability based on a number of factors Airline service & traffic characteristics Airport rates & charges Community s economic base Current finances and debt Current senior airport management

15 Airport Debt General Obligation (G.O.) Bonds issued by municipalities for variety of public works based on community s full faith, credit & taxing power generally pay lower interest rates (10-15 yr terms) sometimes limited to fraction of taxable property General Airport Revenue Bonds (GARB) backed by airport revenue guaranteed by airlines to make up short-falls (usually in form of increased landing fees) higher interest rates & longer terms (25-30 years)

16 Airport Debt PFC-Backed Bonds PFCs can be used as pledged revenues for Airport debt Double-barreled PFC bonds combines PFC revenues with general airport revenues PFC s back-up general revenue to repay debt Stand-alone PFC bonds secured solely by PFC revenues Stand-alone PFC debt typically must demonstrate higher historical coverage of future debt service of 1.35x 2.00x coverage

17 Airport Debt Special Revenue (or Facility) Bonds - issued by airport to build special facility (terminal, hangar, maintenance facility) - secured by revenue from facility (corporate guarantee) - higher risk = higher interest

18 Private Sector Financing Fairly common for revenue-producing facilities Public-private partnership (PPP) - Public provides infrastructure (land, utilities, etc.) - Private sector provides financing for development - Public takes over at end of term For larger infrastructure needs full privatization - Private sector leases whole terminal (or airport) - Fully responsible for development & operation - Public receives guaranteed income plus % of profit

19 Capital Project Funding Sources Airport Capital Project Funding Sources General Airport Revenue Bonds Passenger Facility Charges AIP Grants Operating Revenues/Retained Earnings State Grants Third Party / Special Facility Debt Source: GAO study.

20 Putting It All Together Airports come in all kind of flavors to serve the travelling public People need to travel Airports are the origination/destination portal Community provides the facility (which costs $$$) People pay for the services - Airline tickets - Concessions, parking, etc. - Property leases & rentals Community reinvests revenue to maintain & develop airport and

21 Putting It All Together

22 For More Information... Reference material for this program and more available at: Airport Finance 101 Dr. David A. Byers Quadrex Aviation, LLC

23 Pick Your Topic Topics for Later Discussion Benchmarking Negotiating Strategies PFCs CAFR s Strategic Business Plans Compliance Issues Rate Making Policies Bankruptcies Innovative Financing FAA Forms 126/127 Concessions Non-Aeronautical Revenue Aeronautical Use Agreements Revenue Diversion

24 Putting It All Together Aeronautical Revenues Landing Fees Leases & Rents Fuel Fees Non-Aeronautical Revenues Parking Concession Fees Leases & Rents Capital Resources AIP PFCs CFCs Bonds 12% 10% 7% 4% 2% Personnel 32% 33% Contract Services Capital Projects Other Comm/Utilities Supplies/Materials Paid Out Claims

Session 6 Airport Finance 101 Funding Sources for Airports

Session 6 Airport Finance 101 Funding Sources for Airports Session 6 Airport Finance 101 Funding Sources for Airports 31 st Annual AAAE Basics of Airport Law Workshop and 2015 Legal Update November 1-3, 2015 Desk Reference Chapters 2, 19, 22 Frank J. San Martin

More information

Session 5: Complex and Creative Financial Transactions

Session 5: Complex and Creative Financial Transactions Session 5: Complex and Creative Financial Transactions Eric T. Smith Kaplan Kirsch & Rockwell LLP Nora Richardson LeighFisher Traditional Financial Tools Use of airport revenue Utilization of Long Term

More information

Annual Airport Finance and Administration Conference Innovative Funding Strategies. March 4, 2013 Destin, Florida Bonnie Deger Ossege

Annual Airport Finance and Administration Conference Innovative Funding Strategies. March 4, 2013 Destin, Florida Bonnie Deger Ossege Annual Airport Finance and Administration Conference Innovative Funding Strategies March 4, 2013 Destin, Florida Bonnie Deger Ossege OVERVIEW Trends- Capital Improvement Programs Determine Your Airport

More information

Financial Feasibility Analysis Terminal Programming Study Des Moines Airport Authority

Financial Feasibility Analysis Terminal Programming Study Des Moines Airport Authority Financial Feasibility Analysis Terminal Programming Study Des Moines Airport Authority September 12, 2017 Contents 1. Funding Sources for Airport Projects 2. Financial Metrics 3. CIP Summary and Funding

More information

FORECASTING FUTURE ACTIVITY

FORECASTING FUTURE ACTIVITY EXECUTIVE SUMMARY The Eagle County Regional Airport (EGE) is known as a gateway into the heart of the Colorado Rocky Mountains, providing access to some of the nation s top ski resort towns (Vail, Beaver

More information

Airport. Improvement Program (AIP) Overview. Federal Aviation Administration. Texas Aviation Conference Ben Guttery, Texas ADO April 2017

Airport. Improvement Program (AIP) Overview. Federal Aviation Administration. Texas Aviation Conference Ben Guttery, Texas ADO April 2017 Airport Improvement Program (AIP) Overview Texas Aviation Conference Ben Guttery, Texas ADO April 2017 Objectives Status of AIP Legislative Authority History and Summary of AIP AIP funding formulas 2 AIP

More information

6.0 Capital Improvement Program. 6.1 Capital Improvement Plan (CIP)

6.0 Capital Improvement Program. 6.1 Capital Improvement Plan (CIP) 6.0 The addresses the phased scheduling of projects identified in this Master Plan and their financial implications on the resources of the Airport and the City of Prescott. The phased Capital Improvement

More information

Office of Airports. Overview of the FAA s. Federal Aviation Administration ACI-NA/AAAE Airport Board & Commissioners Conference Indianapolis, IN

Office of Airports. Overview of the FAA s. Federal Aviation Administration ACI-NA/AAAE Airport Board & Commissioners Conference Indianapolis, IN Overview of the FAA s Office of Airports Prepared for: Presented by: 2016 ACI-NA/AAAE Airport Board & Commissioners Conference Indianapolis, IN Eduardo Angeles Associate Administrator for Airports Date:

More information

Chapter 9: Financial Plan Draft

Chapter 9: Financial Plan Draft Chapter 9: Draft TABLE OF CONTENTS 9... 5 9.2.1 ABIA Accounting... 6 9.2.2 Legal Environment... 6 9.2.3 Governing Documents... 8 9.3.1 FAA AIP Grants... 13 9.3.2 Local ABIA Funds... 14 9.4.1 Defer or Delay

More information

Finance and Implementation

Finance and Implementation 5 Finance and Implementation IMPLEMENTATION The previous chapters have presented discussions and plans for development of the airfield, terminal, and building areas at Sonoma County Airport. This chapter

More information

Chapter Seven COST ESTIMATES AND FUNDING A. GENERAL

Chapter Seven COST ESTIMATES AND FUNDING A. GENERAL Chapter Seven COST ESTIMATES AND FUNDING A. GENERAL This chapter delineates the recommended 2005 2024 Sussex County Airport Capital Improvement Program (CIP). It further identifies probable construction

More information

AirportInfo. Airport Improvement Program

AirportInfo. Airport Improvement Program AirportInfo Airport Improvement Program April 2014 Airport Improvement Program (AIP) AIP provides grants to airport sponsors for the planning and development of public-use airports. To be eligible for

More information

RNO Master Plan Approved Alternatives, Financial Analysis, and Facilities Implementation Plan

RNO Master Plan Approved Alternatives, Financial Analysis, and Facilities Implementation Plan RNO Master Plan Approved Alternatives, Financial Analysis, and Facilities Implementation Plan Project Schedule Today Slide 40 Project Vision To provide an achievable, flexible, fiscally, and environmentally

More information

Chapter VI Implementation Planning

Chapter VI Implementation Planning Chapter VI Implementation Planning This chapter presents a general financial plan for the capital improvements recommended in the Master Plan. The purpose of the financial plan is to demonstrate that the

More information

MassDOT Aeronautics Division Capital Improvements Presentation

MassDOT Aeronautics Division Capital Improvements Presentation MassDOT Aeronautics Division Capital Improvements Presentation MassDOT Board Retreat October 27, 2011 Presentation Agenda Capital Improvement Plan (CIP) Overview Airports Capital Improvement Plan (ACIP)

More information

Chapter 8.0 Implementation Plan

Chapter 8.0 Implementation Plan Chapter 8.0 Implementation Plan 8.1 Introduction This chapter is the culmination of the analytical work accomplished in the previous chapters. The result is a prioritized list of the essential projects.

More information

COUNTY OF MUSKEGON MUSKEGON COUNTY AIRPORT Rates, Charges and Fee for FY18 October 1, 2017 through September 30, 2018

COUNTY OF MUSKEGON MUSKEGON COUNTY AIRPORT Rates, Charges and Fee for FY18 October 1, 2017 through September 30, 2018 COUNTY OF MUSKEGON MUSKEGON COUNTY AIRPORT Rates, Charges and Fee for FY18 October 1, 2017 through September 30, 2018 GROUND & FACILITY LEASE RATES Ground Lease Rate Bare ground for development Per Individual

More information

COUNTY OF MUSKEGON MUSKEGON COUNTY AIRPORT Rates, Charges and Fees for Fiscal Year 2019 October 1, 2018 through September 30, 2019

COUNTY OF MUSKEGON MUSKEGON COUNTY AIRPORT Rates, Charges and Fees for Fiscal Year 2019 October 1, 2018 through September 30, 2019 COUNTY OF MUSKEGON MUSKEGON COUNTY AIRPORT Rates, Charges and Fees for Fiscal Year 2019 October 1, 2018 through September 30, 2019 GROUND & FACILITY LEASE RATES Ground Lease Rate Bare ground for development

More information

CHAPTER 7 IMPLEMENTATION PLAN

CHAPTER 7 IMPLEMENTATION PLAN CHAPTER 7 IMPLEMENTATION PLAN INTRODUCTION An implementation plan for Blue Grass Airport (LEX) has been prepared based upon the facility needs identified in the Facility Requirements and the Alternatives

More information

2017 Appropriation Budget Table of Contents Board Approved August 19, 2016

2017 Appropriation Budget Table of Contents Board Approved August 19, 2016 INDIANAPOLIS AIRPORT AUTHORITY 2017 APPROPRIATION BUDGET ORDINANCE NO. 2-2016 BOARD APPROVED AUGUST 19, 2016 2017 Appropriation Budget Table of Contents Board Approved August 19, 2016 1 Appropriation Summary

More information

ACI Webinar Airport Capital Investment CIP Financial Planning

ACI Webinar Airport Capital Investment CIP Financial Planning Manage the Future: Planning CIPs in Times of Accelerated Change and Uncertainty ACI Webinar Airport Capital Investment CIP Financial Planning Don Arthur Principal Unison Consulting, Inc. 0 Agenda Affordability

More information

Land Use Policy Considerations

Land Use Policy Considerations Land Use Policy Considerations Challenges to Implementing Successful Land Use Strategies at Airports ACRP Insight Event: Washington DC Stephen D. Van Beek, Ph.D. April 11, 2018 Land Use Policy Considerations

More information

AirportInfo. Passenger Facility Charge

AirportInfo. Passenger Facility Charge AirportInfo Passenger Facility Charge May 2014 PFC A Cornerstone of Airport Capital Programs PFC user fees were first authorized by Congress in 1990 and are tied directly to local airport projects that:

More information

PUBLIC NOTICE. Table 1 Projects Proposed by Amendment

PUBLIC NOTICE. Table 1 Projects Proposed by Amendment PUBLIC NOTICE The Dallas Department of Aviation (the Department) intends to file an amendment application to increase the PFC amount of one previously approved project at Dallas Love Field Airport (the

More information

Next Generation Air Transportation System Financing Reform Act of 2007

Next Generation Air Transportation System Financing Reform Act of 2007 Next Generation Air Transportation System Financing Reform Act of 2007 Funding Proposal An ACC Summary of Key Provisions in the USDOT s FAA Reauthorization Proposal Overall, the change in the aviation

More information

CHAPTER 1 EXECUTIVE SUMMARY

CHAPTER 1 EXECUTIVE SUMMARY CHAPTER 1 EXECUTIVE SUMMARY 1 1 EXECUTIVE SUMMARY INTRODUCTION William R. Fairchild International Airport (CLM) is located approximately three miles west of the city of Port Angeles, Washington. The airport

More information

THE CASE OF A SUCCESSFUL PFC APPLICATION

THE CASE OF A SUCCESSFUL PFC APPLICATION THE CASE OF A SUCCESSFUL PFC APPLICATION 1 Chapter One: Scene of the case study 2 Chapter One: The Scene Spokane, WA Home of the RED TURF at Eastern WA University (and Gonzaga) 3 Chapter One: The Scene

More information

GENERAL AVIATION AIRPORT AGREEMENTS

GENERAL AVIATION AIRPORT AGREEMENTS 33 rd Annual Basics of Airport Law Workshop and 2017 Legal Update Session #17 GENERAL AVIATION AIRPORT AGREEMENTS W. Eric Pilsk Kaplan Kirsch & Rockwell Corinne C. Nystrom, A.A.E., Airport Director Mesa-Falcon

More information

Financial Feasibility Analysis

Financial Feasibility Analysis CHAPTER F Financial Feasibility Analysis 1. Introduction This chapter presents a funding plan for completion of recommended capital projects at Friedman Memorial Airport (the Airport) through FY 2034,

More information

Wyoming Valley Airport Proposed Improvements. Presented June 26, 2012 By The WBW Airport Advisory Board & FBO

Wyoming Valley Airport Proposed Improvements. Presented June 26, 2012 By The WBW Airport Advisory Board & FBO Wyoming Valley Airport Proposed Improvements Presented June 26, 2012 By The WBW Airport Advisory Board & FBO Contents Purpose of meeting Airport overview Background of proposed improvements SWOT analysis

More information

14 C.F.R. Part 158. Passenger Facility Charge Program Logan International Airport. Public Notice

14 C.F.R. Part 158. Passenger Facility Charge Program Logan International Airport. Public Notice 14 C.F.R. Part 158 Passenger Facility Charge Program Logan International Airport Public Notice Summary of Proposed 2018 PFC Application PFC Project Descriptions and Justifications PFC Financial Plan Class

More information

DALLAS LOVE FIELD MAY 2015 DRAFT

DALLAS LOVE FIELD MAY 2015 DRAFT 8. Funding Plan This section presents a potential funding plan for implementing the CIP projects recommended in the Master Plan Update, along with an assessment of the ability of the Airport sponsor (i.e.,

More information

Development Program and Implementation Plan

Development Program and Implementation Plan CHAPTER 8 Development Program and Implementation Plan 8.1 INTRODUCTION The FAA identifies airports that are significant to national air transportation through the development of the National Plan of Integrated

More information

AIRPORT FUND. Description. Summary

AIRPORT FUND. Description. Summary Description In March 1941 construction started for the airport at its present site. After Pearl Harbor, the airport, known as Pinellas Army Airfield, was used as a military flight-training base. After

More information

David Y. Bannard. Representative Experience

David Y. Bannard. Representative Experience David Y. Bannard Dave Bannard has 25 years of experience in representing airports on a wide variety of matters, including regulatory compliance, airport financings, leasing, use and lease agreements and

More information

PENSACOLA INTERNATIONAL AIRPORT MASTER PLAN UPDATE WORKING PAPER 8 FINANCIAL PLAN

PENSACOLA INTERNATIONAL AIRPORT MASTER PLAN UPDATE WORKING PAPER 8 FINANCIAL PLAN PENSACOLA INTERNATIONAL AIRPORT MASTER PLAN UPDATE WORKING PAPER 8 FINANCIAL PLAN OCTOBER 2018 T A B L E O F C O N T E N T S Table of Contents Chapter 8 Financial Plan 8.1 Introduction... 8-1 8.2 Enplanement

More information

IAH Terminal Redevelopment Project. Memorandum of Agreement with United Airlines

IAH Terminal Redevelopment Project. Memorandum of Agreement with United Airlines IAH Terminal Redevelopment Project Memorandum of Agreement with United Airlines May 29, 2014 On April 24, HAS presented plans for a new Mickey Leland International Terminal (MLIT) Sufficient capacity for

More information

SouthwestFloridaInternational Airport

SouthwestFloridaInternational Airport SouthwestFloridaInternational Airport SouthwestFloridaInternationalAirportislocatedinLee CountyalongtheGulfCoastofSouthFlorida,tenmiles southeastofthefortmyerscentralbusinessdistrict. Theprimaryhighwayaccesstotheairportfrom

More information

THE ACC YOUNG PROFESSIONALS PRESENT: Follow the Money: An Introduction to Airport Finance. November 30, :00 PM 2:00 PM EST

THE ACC YOUNG PROFESSIONALS PRESENT: Follow the Money: An Introduction to Airport Finance. November 30, :00 PM 2:00 PM EST THE ACC YOUNG PROFESSIONALS PRESENT: Follow the Money: An Introduction to Airport Finance November 30, 2017 1:00 PM 2:00 PM EST THE ACC YOUNG PROFESSIONALS FORUM The ACC Young Professionals Forum is a

More information

8.0 AIRPORT DEVELOPMENT AND FINANCIAL PLANS

8.0 AIRPORT DEVELOPMENT AND FINANCIAL PLANS 8.0 AIRPORT DEVELOPMENT AND FINANCIAL PLANS This chapter presents the recommended Airport Plans for Sacramento International Airport, including the Airport Development Plan, Capital Improvement Program

More information

Financing Airport Improvements

Financing Airport Improvements (name redacted) Analyst in Transportation and Industry (name redacted) Specialist in Transportation Policy March 24, 2016 Congressional Research Service 7-... www.crs.gov R43327 Summary There are five

More information

Yakima Air Terminal/McAllister Field Airport Master Plan Update

Yakima Air Terminal/McAllister Field Airport Master Plan Update Yakima Air Terminal/McAllister Field Airport Master Plan Update City of Yakima Work Session July 9, 2013 Meeting Goals Summarize the master plan recommendations. Discuss the decision-making process used

More information

8 Financial Plan. 8.1 Airport s Financial Structure. MASTER PLAN UPDATE Nashville International Airport

8 Financial Plan. 8.1 Airport s Financial Structure. MASTER PLAN UPDATE Nashville International Airport 8 Financial Plan This section presents financial projections for BNA based on the Capital Improvement Program (CIP) and the aviation activity forecasts presented in Chapter 2. Financial projections were

More information

Salt Lake City International Airport April 23, 2013 Budget Briefing. Page 1

Salt Lake City International Airport April 23, 2013 Budget Briefing. Page 1 Budget Briefing Fiscal Year 2014 Budget Honorable Members of the City Council April 23, 2013 Page 1 FY 2014 Budget Goals and Objectives Develop and implement a plan of execution for the terminal redevelopment

More information

Rates & Charges Analysis

Rates & Charges Analysis Aeronautics Division Rates & Charges Analysis Executive Summary Executive Summary In This Report: Airlines Rates and Charges Other Building Rental Rates Landing Fees Parking Rates Tie-Downs Special Use

More information

FISCAL YEAR 2017 BUDGET BARNSTABLE MUNICIPAL AIRPORT ENTERPRISE FUND. Barnstable Municipal Airport

FISCAL YEAR 2017 BUDGET BARNSTABLE MUNICIPAL AIRPORT ENTERPRISE FUND. Barnstable Municipal Airport An Integral Part of the Regional Transportation Plan FISCAL YEAR 2017 BUDGET BARNSTABLE MUNICIPAL AIRPORT ENTERPRISE FUND Barnstable Municipal Airport Mission Statement The mission of the Barnstable Municipal

More information

Greater Orlando Aviation Authority

Greater Orlando Aviation Authority Greater Orlando Aviation Authority Orlando International Airport & Orlando Executive Airport Budgets Fiscal Year 2017-2018 Greater Orlando Aviation Authority Orlando, Florida Greater Orlando Aviation Authority

More information

Executive Summary. MASTER PLAN UPDATE Fort Collins-Loveland Municipal Airport

Executive Summary. MASTER PLAN UPDATE Fort Collins-Loveland Municipal Airport Executive Summary MASTER PLAN UPDATE Fort Collins-Loveland Municipal Airport As a general aviation and commercial service airport, Fort Collins- Loveland Municipal Airport serves as an important niche

More information

AIRPORT CAPITAL DEVELOPMENT NEEDS

AIRPORT CAPITAL DEVELOPMENT NEEDS AIRPORT CAPITAL DEVELOPMENT NEEDS 2013-2017 January 2013 TABLE OF CONTENTS BACKGROUND... 1 RESULTS IN BRIEF... 2 ACI-NA ESTIMATE OF CAPITAL DEVELOPMENT NEEDS... 4 PROJECT DEVELOPMENT COSTS BY LOCATION

More information

AirportInfo. Aeronautical Revenue

AirportInfo. Aeronautical Revenue AirportInfo Aeronautical Revenue November 2014 Aeronautical Revenue Airline rents, usage fees and charges are the primary source of the aeronautical, or airside, revenue. Each airline pays the airport

More information

Chapter 1 Introduction and Project Overview

Chapter 1 Introduction and Project Overview Chapter 1 Introduction and Project Overview Kittitas County in cooperation with the Federal Aviation Administration (FAA) is updating the Airport Master Plan for Bowers Field Airport (FAA airport identifier

More information

NOTICE OF OPPORTUNITY FOR PUBLIC COMMENT RELATED TO PROPOSED PASSENGER FACILITY CHARGE APPLICATION NOVEMBER 9 TH, 2018

NOTICE OF OPPORTUNITY FOR PUBLIC COMMENT RELATED TO PROPOSED PASSENGER FACILITY CHARGE APPLICATION NOVEMBER 9 TH, 2018 NOTICE OF OPPORTUNITY FOR PUBLIC COMMENT RELATED TO PROPOSED PASSENGER FACILITY CHARGE APPLICATION NOVEMBER 9 TH, 2018 LAWTON-FORT SILL REGIONAL AIRPORT LAWTON, OKLAHOMA PASSENGER FACILITY CHARGE PROPOSED

More information

SHAKING UP THE BUSINESS MODEL

SHAKING UP THE BUSINESS MODEL New Strategies for Airport Capital Financing & Development SHAKING UP THE BUSINESS MODEL Susan Warner Dooley, Nat l Dir, Aviation Strategic, Business & Financial Planning Airlines Don t Have Our Backs

More information

TXDOT AVIATION DIVISION

TXDOT AVIATION DIVISION TXDOT AVIATION DIVISION Airport Project Development & Selection Process Today s Topics Project Development Process Working with TxDOT Aviation Division Funding Sources National Plan of Integrated Airports

More information

Financing Airport Development Prof. Amedeo Odoni

Financing Airport Development Prof. Amedeo Odoni Financing Airport Development Prof. Amedeo Odoni Istanbul Technical University Air Transportation Management M.Sc. Program Airport Planning and Management Module 21 January 2016 Financing Airport Development

More information

Love Field Customer Facility Charge Ordinance

Love Field Customer Facility Charge Ordinance Love Field Customer Facility Charge Ordinance Mobility Solutions, Infrastructure & Sustainability Committee August 28, 2017 Mark Duebner, Director Department of Aviation Overview Provide overview of Dallas

More information

Input Efforts Online survey of tenants and users Focus group meetings with Tenants and users Agencies and stakeholders General Aviation Pilot

Input Efforts Online survey of tenants and users Focus group meetings with Tenants and users Agencies and stakeholders General Aviation Pilot Input Efforts Online survey of tenants and users Focus group meetings with Tenants and users Agencies and stakeholders General Aviation Pilot community Airport Advisory Board meetings Elected Officials

More information

Why are the underground fuel tanks being removed and replaced with above ground tanks?

Why are the underground fuel tanks being removed and replaced with above ground tanks? AIRPORT/CITIZEN FAQ This list of Frequently Asked Questions (FAQs) with responses are provided to share information related to airport topics with the Citizens of Georgetown. The questions / responses

More information

2018 Accomplishments

2018 Accomplishments CY2018 ANNUAL REPORT Vision The Chippewa Valley Regional Airport will provide our users with a safe, efficient and welcoming operation while striving to meet the current and future needs of the community

More information

Jacksonville Aviation Authority Annual Report The Power Within.

Jacksonville Aviation Authority Annual Report The Power Within. Jacksonville Aviation Authority Annual Report 2007 The Power Within. Board of Directors & Executive Team Cyrus Jollivette Chairman 1 John D. Clark Executive Director / CEO Jim McCollum Vice-Chairman 2

More information

STUDY OVERVIEW MASTER PLAN GOALS AND OBJECTIVES

STUDY OVERVIEW MASTER PLAN GOALS AND OBJECTIVES INTRODUCTION An Airport Master Plan provides an evalua on of the airport s avia on demand and an overview of the systema c airport development that will best meet those demands. The Master Plan establishes

More information

The Airport. p a g e 2

The Airport. p a g e 2 The Airport Telluride Regional Airport (TEX) with a runway altitude of 9,070 feet MSL is the highest airport in North America with commercial service in light of the fact that, after a two-year hiatus,

More information

Notice of Public Meeting of the DES MOINES AIRPORT AUTHORITY BOARD. Agenda

Notice of Public Meeting of the DES MOINES AIRPORT AUTHORITY BOARD. Agenda Notice of Public Meeting of the DES MOINES AIRPORT AUTHORITY BOARD DATE: February 14, 2017 TIME: 9:00 a.m. PLACE: Airport Board Room, 2nd Floor, Airport Terminal Call to Order and Roll Call Agenda 1. Consider

More information

FAC Webinar June 29, 2016

FAC Webinar June 29, 2016 RECENT DEVELOPMENTS: FAA GUIDANCE AND DIRECTIVES FAC Webinar June 29, 2016 Scott Knight, Hillsborough County Aviation Authority Debra Braga, Jacksonville Aviation Authority Peter J. Kirsch, Kaplan Kirsch

More information

FAC Webinar June 29, 2016

FAC Webinar June 29, 2016 RECENT DEVELOPMENTS: FAA GUIDANCE AND DIRECTIVES FAC Webinar June 29, 2016 Scott Knight, Hillsborough County Aviation Authority Debra Braga, Jacksonville Aviation Authority Peter J. Kirsch, Kaplan Kirsch

More information

Table of Contents. Master Plan March 2014 TOC i Spokane International Airport

Table of Contents. Master Plan March 2014 TOC i Spokane International Airport Table of Contents Page Chapter 1 Inventory 1. Introduction... 1 1 1.1 Community Profile... 1 2 1.1.1 Location and Setting... 1 1 1.1.2 Climate... 1 2 1.1.3 Socioeconomic Conditions... 1 5 1.1.4 Area Land

More information

LOS ANGELES INTERNATIONAL AIRPORT

LOS ANGELES INTERNATIONAL AIRPORT LOS ANGELES INTERNATIONAL AIRPORT February 27, 2014 Disclaimer GENERAL This presentation you are about to view is provided as of February 27, 2014. If you are viewing this presentation after February 27,

More information

Business Plan INTRODUCTION AIRPORT ENTERPRISE FUND OVERVIEW. Master Plan Guiding Principles

Business Plan INTRODUCTION AIRPORT ENTERPRISE FUND OVERVIEW. Master Plan Guiding Principles 5 Business Plan INTRODUCTION Just as previous chapters have outlined plans for the airport s physical development, this chapter outlines a plan for the airport s financial development. More specifically,

More information

HISTORICAL OPERATING RESU LTS

HISTORICAL OPERATING RESU LTS Okaloosa County, Florida Taxable Airport Revenue Bonds, Series 2007, $9,980,000, Dated: December 13, 2007 Okaloosa County, Florida, Airport Revenue Bonds, Series 2003 (AMT), $10,860,000, Dated August 15,

More information

Kittitas County Airport Bowers Field Airport Master Plan Planning Advisory Committee Meeting #1 April 6, 2016

Kittitas County Airport Bowers Field Airport Master Plan Planning Advisory Committee Meeting #1 April 6, 2016 Kittitas County Airport Bowers Field Airport Master Plan Planning Advisory Committee Meeting #1 April 6, 2016 Project Team Kittitas County, WA Airport Owner (Sponsor) and Operator, Land Use Century West

More information

2017 Accomplishments

2017 Accomplishments CY2017 ANNUAL REPORT Vision The Chippewa Valley Regional Airport will provide our users with a safe, efficient and welcoming operation while striving to meet the needs of the communities we serve. 2017

More information

DFW Airport Update J.P. Morgan Public Finance Transportation and Utility Investor Forum

DFW Airport Update J.P. Morgan Public Finance Transportation and Utility Investor Forum DFW Airport Update J.P. Morgan Public Finance Transportation and Utility Investor Forum 0 March 16, 2017 Chris Poinsatte EVP/CFO DFW International Airport DFW has Grown into a Global Super-Hub 24-hour

More information

BOARD OF AIRPORT COMMISSIONERS

BOARD OF AIRPORT COMMISSIONERS 1 8/17/2018 8/21/2018 8/16/2018 i ElY MY Y I : JH MT BY...01,, III1*.ji,"1.111Los Angeles World Airports REPORT TO THE BOARD OF AIRPORT COMMISSIONERS Meeting Date: la Approved by: e1. "ampbell, Chief Airports

More information

TAIT FY 2019 BUDGET Summary

TAIT FY 2019 BUDGET Summary TAIT FY 2019 BUDGET Summary Prior FY Budget V Current FY Budget PY 2018 Budget FY 2019 Budget Net % Net $ Beginning Cash (Revenue Fund) $ 2,823,010.00 $ 3,000,000.00 6.27% $ 176,990.00 PFC's & CFC's for

More information

Airport Funding FAA Airport Improvement Program (AIP)

Airport Funding FAA Airport Improvement Program (AIP) Airport Funding FAA Airport Improvement Program (AIP) Presented to: Texas Aviation Conference By: Mike Nicely, Manager Texas ADO Date: May 15, 2013 Discussion Topics Enabling Legislation Authorization

More information

PORT OF SEATTLE PRESENTATION TO THE WESTERN STATES INSTITUTIONAL INVESTORS CONFERENCE MAY 15, 2018

PORT OF SEATTLE PRESENTATION TO THE WESTERN STATES INSTITUTIONAL INVESTORS CONFERENCE MAY 15, 2018 PORT OF SEATTLE PRESENTATION TO THE WESTERN STATES INSTITUTIONAL INVESTORS CONFERENCE MAY 15, 2018 Elizabeth Morrison, Port of Seattle Director of Corporate Finance 0 OVERVIEW Regional Economy Port Financial

More information

Roddy Boggus, Chair, ACC Board of Directors, Suffolk

Roddy Boggus, Chair, ACC Board of Directors, Suffolk Development at U.S. Airports: A Summary Look at Future Trends and Opportunities Speakers: Mark Ahasic, IATA AvMP, Arup Matthew Sheren, AICP, Arup Moderator: Roddy Boggus, Chair, ACC Board of Directors,

More information

Destination Lindbergh

Destination Lindbergh Technical Appendix 16 Destination Lindbergh Appendix Contents Destination Lindbergh... TA 16-2 2050 Regional Transportation Plan Destination Lindbergh Destination Lindbergh is a comprehensive planning

More information

Strategic Airport Management Programme April Airport Economics. presented by. Eileen Poh Assistant Director (ICAO Affairs)

Strategic Airport Management Programme April Airport Economics. presented by. Eileen Poh Assistant Director (ICAO Affairs) Airport Economics presented by Eileen Poh Assistant Director (ICAO Affairs) 1 Outline Regulated and non-regulated Revenues Price Cap-Regulation: Single or Dual Till Financial State of Airports Airports

More information

NON-AERONAUTICAL DEVELOPMENT OF AIRPORT LAND

NON-AERONAUTICAL DEVELOPMENT OF AIRPORT LAND 33 rd Annual Basics of Airport Law Workshop and 2017 Legal Update Session #11 NON-AERONAUTICAL DEVELOPMENT OF AIRPORT LAND Daniel S. Reimer Denver International Airport John E. Putnam Kaplan Kirsch & Rockwell

More information

KCI Terminal Advisory Group Frequently Asked Questions February, 2014

KCI Terminal Advisory Group Frequently Asked Questions February, 2014 KCI Terminal Advisory Group Frequently Asked Questions February, 2014 1. How can I learn about and stay current on the important considerations of the latest discussions and developments related to the

More information

Chapter 1 Introduction and Project Overview

Chapter 1 Introduction and Project Overview EPHRATA MUNICIPAL AIRPORT Chapter 1 Introduction and Project Overview The Port of Ephrata in cooperation with the Federal Aviation Administration (FAA) is updating the Airport Master Plan for Ephrata Municipal

More information

Hot Topics in Land Use at GA Airports. Peter J. Kirsch

Hot Topics in Land Use at GA Airports. Peter J. Kirsch 2006 AAAE General Aviation Issues Conference September 19, 2006 Hot Topics in Land Use at GA Airports Peter J. Kirsch Today s Presentation 2 Focus on two hot topics : Management of lands purchased for

More information

AIRPORT WITH NO RUNWAYS IS A MALL

AIRPORT WITH NO RUNWAYS IS A MALL RUNWAY EXTENSION INITIATIVE AT FT. LAUDERDALE HOLLYWOOD INTERNATIONAL AIRPORT ISMAEL IZZY BONILLA DEPUTY DIRECTOR BROWARD COUNTY AVIATION AUTHORITY AIRPORT WITH NO RUNWAYS IS A MALL Runway Business Case

More information

Aviation Legal Update: Policy on the Non-Aeronautical Use of Airport Hangars

Aviation Legal Update: Policy on the Non-Aeronautical Use of Airport Hangars Aviation Legal Update: Policy on the Non-Aeronautical Use of Airport Hangars Washington Public Ports Association Aviation Committee Fall Meeting November 16, 2016 Adrian Urquhart Winder 206.447.8972 adrian.winder@foster.com

More information

AviAlliance The Airport Management Company

AviAlliance The Airport Management Company AviAlliance The Airport Management Company Q4 / 2017 Contents AviAlliance GmbH page 3 Airport portfolio page 4 14 Athens International Airport page 5 Budapest Airport page 7 Düsseldorf Airport page 9 Hamburg

More information

Chapter 2 FINDINGS & CONCLUSIONS

Chapter 2 FINDINGS & CONCLUSIONS Chapter 2 FINDINGS & CONCLUSIONS 2.01 GENERAL Dutchess County acquired the airport facility in 1947 by deed from the War Assets Administration. Following the acquisition, several individuals who pursued

More information

COMMERCIAL AIRPORT AGREEMENTS

COMMERCIAL AIRPORT AGREEMENTS 33 rd Annual Basics of Airport Law Workshop and 2017 Legal Update Session #16 COMMERCIAL AIRPORT AGREEMENTS AIRLINES & OTHER PARTIES A BRIEF OVERVIEW Joseph F. Messina Eric T. Smith Peter J. Kirsch SESSION

More information

ECONOMIC DEVELOPMENT INCENTIVES AND PROGRAMS. Provide Airport Encroachment Protection. Standardize Ad Valorem Tax Exemptions

ECONOMIC DEVELOPMENT INCENTIVES AND PROGRAMS. Provide Airport Encroachment Protection. Standardize Ad Valorem Tax Exemptions ECONOMIC MASTER PLAN Florida s airport industry indicates the following programs are needed to maximize its impact on the State s economy: AIRPORT SECURITY Develop Model Security Plan for General Aviation

More information

Aviation Data and Analysis Seminar February Economics of Airports and Air Navigation Services Providers

Aviation Data and Analysis Seminar February Economics of Airports and Air Navigation Services Providers Aviation Data and Analysis Seminar 20-23 February 2017 Economics of Airports and Air Navigation Services Providers 250 7000 6000 200 5000 150 4000 Growth of air transport World recession SARS Freight Tonne

More information

Nantucket Memorial Airport Master Plan Update

Nantucket Memorial Airport Master Plan Update Nantucket Memorial Airport Master Plan Update CHAPTER 1 - INTRODUCTION & PUBLIC OUTREACH PROGRAM REVIEW DRAFT SUBJECT TO CHANGE Prepared for: Nantucket Memorial Airport Commission 14 Airport Road Nantucket,

More information

Session 10 Non-aeronautical Development of Airport Land

Session 10 Non-aeronautical Development of Airport Land Session 10 Non-aeronautical Development of Airport Land 31 st Annual AAAE Basics of Airport Law Workshop and 2015 Legal Update November 1-3, 2015 Desk Reference Chapters 14, 15, 23, 28 Daniel S. Reimer

More information

Connecticut Statewide Airport System Plan. Introduction

Connecticut Statewide Airport System Plan. Introduction Introduction The 2016 (CSASP) examines aviation infrastructure, activity, and trends from a statewide perspective for the purposes of allocating resources and guiding policy decisions. This plan is intended

More information

P U B L I C N O T I C E. MBS International Airport Freeland, Michigan Passenger Facility Charge (PFC) Application C-00-MBS

P U B L I C N O T I C E. MBS International Airport Freeland, Michigan Passenger Facility Charge (PFC) Application C-00-MBS P U B L I C N O T I C E MBS International Airport Freeland, Michigan Passenger Facility Charge (PFC) Application 10-07-C-00-MBS INTRODUCTION: This Public Notice is issued as part of a Federal Aviation

More information

Boston-Logan International Airport: Proposed Consolidation of Rental Car Operations

Boston-Logan International Airport: Proposed Consolidation of Rental Car Operations Boston-Logan International Airport: Proposed Consolidation of Rental Car Operations ACI Legal Conference April 17, 2008 Prepared by: Trudy P. Reilly, Senior Legal Counsel, Massport Presentation Outline

More information

Five-Year Financial Plan

Five-Year Financial Plan Five-Year Financial Plan Fiscal Year 2010/11 Fiscal Year 2014/15 April 23, 2010 Background (SFO) is operated as an enterprise department of the City and County of San Francisco. Its financial operations

More information

COUNTY OF ORANGE, CALIFORNIA AIRPORT REVENUE BONDS, SERIES 2009 A & B ANNUAL REPORT FOR FISCAL YEAR ENDED JUNE 30, 2013

COUNTY OF ORANGE, CALIFORNIA AIRPORT REVENUE BONDS, SERIES 2009 A & B ANNUAL REPORT FOR FISCAL YEAR ENDED JUNE 30, 2013 COUNTY OF ORANGE, CALIFORNIA AIRPORT REVENUE BONDS, SERIES 2009 A & B ANNUAL REPORT FOR FISCAL YEAR ENDED JUNE 30, 2013 Dated: January 28, 2014 COUNTY OF ORANGE, CALIFORNIA AIRPORT REVENUE BONDS, SERIES

More information

The presentation was approximately 25 minutes The presentation is part of Working Group Meeting 3

The presentation was approximately 25 minutes The presentation is part of Working Group Meeting 3 This is the presentation for the third Master Plan Update Working Group Meeting being conducted for the Ted Stevens Anchorage International Airport Master Plan Update. It was given on Thursday March 7

More information

Washington Update: FAA Reauthorization, ATC Reform, 1500 Hour Rule, and $1 Billion in Omnibus Funding

Washington Update: FAA Reauthorization, ATC Reform, 1500 Hour Rule, and $1 Billion in Omnibus Funding Session Ten: Washington Update: FAA Reauthorization, ATC Reform, 1500 Hour Rule, and $1 Billion 2018 GAA Annual Conference & Expo Jekyll Island, Ga Back to the Beach: For a Low Country Luau in Omnibus

More information