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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 100
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