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CHAPTER 6 Plan of Finance and Financial Feasibility The typical steps required to obtain funding and any necessary financing for projects are 1. Plan the project in coordination with other government agencies, considering how the off- site terminal and transportation link may fit with local and regional transportation goals in addition to the airport-related goals of the project sponsor; 2. Determine whether any capital grants or operating assistance is available for the service; 3. Calculate the revenues generated from any offsite terminal and the connecting transporta- tion service (as described in Chapter 5); and 4. Assemble the final financial plan. State and Local Coordination/Funds The offsite terminal planning process should start with airport sponsors working with other state and local officials, as well as local offices of federal agencies through the Metropolitan Plan- ning Organization (MPO). It is a current policy of the U.S. DOT "to encourage the develop- ment of intermodal connections on airport property between aeronautical and other trans- portation modes and systems to serve air transportation passengers and cargo efficiently and effectively and promote economic development."(1) See Case Study 1 for an example of an inter- modal terminal. Airports may be eligible for intermodal planning assistance through monies made avail- able to MPOs through the FHWA and FTA planning programs. These funds require that the access project be part of the local Transportation Improvement Program; with its inclu- sion, the project approval process, including required environmental reviews, is streamlined considerably. These goals will be best achieved if airport officials and the local MPO or state DOT coor- dinate their planning, including demand forecasts, environmental impacts, land use, and air- port access connections.(2) Through this coordination, airports are also more likely to be made aware of the full range of federal capital, operating, and credit assistance available through FHWA and FTA. Decisions regarding the use of FHWA and FTA funds are most often made at the MPO and state level; FHWA and FTA provide final approval for the proj- ects selected at the local level. States can also provide access to financing such as the Florida State Infrastructure Bank (SIB) loan being used for a segment of the funding for the Miami Intermodal Center. 50