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OCR for page 100
100 Guidebook for Developing and Leasing Airport Property
Project Attributes Matrix
Development Attributes
Developer of the
Airport Size Category Incentives Involved Funding Elements
Property
Land provided adjacent Grants awarded by EDA
Albany International Airport to FBO; Airport and state of New York;
Small Hub HondaJet
- HondaJet Development Authority worked to Funding match from
secure funding Airport Authority
Baton Rouge Metropolitan Industrial tax exemptions
State Economic
Airport - Coca-Cola Small Hub Coca-Cola and rebates on state
Development grant
Development income and sales tax
Grant from state of North
Coastal Carolina Carolina; Private funding
Coastal Carolina Regional
Non-Hub Regional Airport and Property taxes waived from Tidewater Air;
Airport - Tidewater Air
Tidewater Air Donations from local
businesses
CCRI financed the
Rent subsidy; City paid project for 20 years;
for and constructed taxi Minimum tax impact was
Collin County Regional Collin County Regional
General Aviation lane for easy access to estimated to determine
Airport - EDS Development Investments (CCRI)
facility; Purchased fuel amount EDS/Hewlett
truck for exclusive use Packard would pay for
facility
Tenants become vested BMG uses percentage of
Monroe County Airport - Monroe County Airport in facilities and have a rent payments for a
General Aviation
Aircraft Storage Hangars (BMG) stake of ownership at the "building fund," used for
end of lease terms buyback of facilities
George Bush Intercontinental Share buses for greater Bonds and Customer
Large Hub Houston Airport System
Airport - CRCF efficiency Facility Charge issued
Cooperative venture
New Bedford Regional Provided building at no
New Bedford Regional between BMG and
Airport - Bridgewater State Non-Hub cost; In-kind labor from
Airport Bridgewater State
University Training Facility City and the Airport
College
Grant from State of
No ground rent charge
Pittsburgh International Pennsylvania; Federal
Pittsburgh International during construction
Airport - Clinton Commerce Medium Hub earmark; Created TIF
Airport period; Prominent
Park District and issued debt;
location
Leveraged value of land
Low rent with
incremental increases;
Tampa International Airport - Tampa International Qualified Target Industry
Large Hub Airport invested in
PEMCO Development Airport Tax Refund grant
upkeep of hangar;
Available work force
Alaska CargoPort
secured $30 million;
Applied AIP funds for
Ted Stevens - Anchorage Conduit financing - ANC
site improvements;
International Airport - Lynxs Medium Hub Alaska CargoPort took ownership to obtain
Helped secure prime
Alaska CargoPort tax exempt financing,
tenants
then leased facility to
Alaska CargoPort
OCR for page 101
Case Studies 101
Use of Airport Visioning
Type of Development Lease Term
Property Documents
Maintenance Facility and
Aeronautical 25 years Yes
Sales Facility
Coca-Cola Bottling 99 years with eight 10-
Non-Aeronautical Yes
Facility year options to renew
Aeronautical FBO Facility 25 years Yes
40-year ground lease; 10-
Aeronautical Hangar Facility Yes
year facility lease
Aeronautical Hangar Complex 30 years Yes
Aeronautical and Non- Consolidated Rental Car
30 years Yes
Aeronautical Facility
Aeronautical Flight Training Center 5 Years Yes
29-year land lease with
Industrial/Commercial
Non-Aeronautical two 10-year options to Yes
Park
renew
15 years with 10-year
Aeronautical Maintenance Facility Yes
option to renew
35 years with four
Aeronautical Cargo Transfer Facility options to extend for 5 Yes
years
