ACRP Synthesis 25: Strategies for Reuse of Underutilized or Vacant Airport Facilities

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4 TABLE 1 ACRP PROJECTS THAT COMPLEMENT THIS REPORT ACRP Number Project Title Legal Research Digest 6 The Impact of Airline Bankruptcies on Airports Project 01-08 Guidebook on Best Management Practices for Leasing and Developing Airport Property Project 01-16 Asset and Infrastructure Management at Airports Project 01-18 Application of Enterprise Risk Management at Airports Report 16 Guidebook for Managing Small Airports Report 19 Guidebook for Developing an Airport Per- formance-Measurement System Report 19A Airport Performance Indicators FIGURE 1 Report structure. Report 20 Guidebook for Strategic Planning in the Air- port Industry � Terminals (Pittsburgh and Springfield�Branson), Report 24 Marketing Techniques for Small Airports � Maintenance facilities (Oakland and Duluth), Report 27 Enhancing Airport Land Use Compatibility, � Training facilities (New Bedford), Volumes 1 and 2 � Military base reuse (Rickenbacker and Phoenix�Mesa Report 36 Airport/Airline Agreements and Rate Meth- Gateway), odologies--Practices and Characteristics � Cargo facilities (Dayton and Pittsburgh), and Synthesis 1 Innovative Finance and Alternative Sources � Historic preservation (John F. Kennedy International). of Revenue for Airports Synthesis 7 Airport Economic Impact Methods and Chapter fourteen summarizes lessons learned from the Models case studies, conclusions, and recommendations for best Synthesis 19 Airport Revenue Diversification reuse practices. OTHER ACRP RESOURCES ACRP has published a number of studies and syntheses that complement this report. Table 1 lists relevant studies and syntheses.

Table of Contents

Front Matter R1-R12

Summary 1-2

Report Structure 3-3

Other ACRP Resources 4-4

Functional Obsolescence 5-5

Industry Change 6-6

Reuse Strategies 7-9

Complexities of Reuse of Aeronautical Property 10-12

CHAPTER THREE - Case Study Approach 13-14

The Situation 15-15

Risk Management 16-16

Lessons Learned 17-17

The Situation 18-18

Interim Use 19-19

Lessons Learned 20-20

Background 21-22

Lessons Learned 23-23

The Situation 24-24

Tenant Recruitment 25-25

Lessons Learned 26-26

The Situation 27-27

History and Disposition of the Property 28-28

Current Uses 29-29

Lessons Learned 30-30

The Situation 31-31

Reuse of Building 15 32-32

Lessons Learned 33-34

Reuse Options 35-35

Reuse Options Limited by Building Abandonment 36-36

Lessons Learned 37-38

The Situation 39-39

Development of the Business 40-40

Reuse Decision, Building Modifications, and Staffing 41-41

Lessons Learned 42-43

The Situation 44-45

Lessons Learned 46-46

Background 47-47

Tenant Recruitment and Lease Negotiations Issues 48-48

Lessons Learned 49-49

Keeping a Facility Alive Preserves Options (at a Cost) 50-50

Risk Analysis for Vacancies 51-51

Further Research 52-52

GLOSSARY 53-53

ACRONYMS 54-55

REFERENCES 56-56

BIBLIOGRAPHY 57-57

APPENDIX A - Case Study Questionnaire 58-64