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Guidebook for Developing and Managing Airport Contracts (2010) / Chapter Skim
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Pages 66-70

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From page 66...
... Further evolution is characterized by sophisticated airport-driven subdivision planning, with, perhaps, the ultimate stage of airport leadership in collaborative environs planning in what has variously been labeled as "airport cities" or "edge" planning. 9.1 Key Factors for Success in Airport Commercial Land Development Airports with successful track records in non-aviation development report several key factors for that success, above and beyond the issues contained in lease or development agreements.
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From page 67...
... Other documents that should be covered are also the provision of estoppels but with the provision that no documentation shall impose any additional obligations on the airport operator or impair the lessor's remedies under the ground lease. The ground lease should also specify notice requirement by the mortgagee to the airport operator in the event of foreclosure or voluntary assignment.
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From page 68...
... For development agreements, the specification of development milestones and the imposition of "initial rent" are key provisions. See CRP-CD-81 (enclosed herein)
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From page 69...
... See CRP-CD-81 (enclosed herein) , Appendix to Chapter 9, Non-Aviation Development, for excerpts from the DFW and PIT Development Agreements for example of provisions relating to minority and disadvantaged business enterprise participation.
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From page 70...
... See CRP-CD-81 (enclosed herein) , Appendix to Chapter 9, Non-Aviation Development, for excerpts from the PIT and MIA Development Agreements for examples of provisions requiring compliance with FAA requirements for leases.
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Key Terms

  • ground lease
  • development milestones
  • development agreements
  • enclosed herein
  • airport operator

  • ing airport
  • commercial development


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