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A-1 A p p e n d i x A Chapter 4 Checklists 4.2 Airport Ownership Evaluation Benefits and limitations of the airportâs ownership structure and access to financial resources? Conclusion: Airport ownership options Check to select Notes Private? Individual? Family? Corporation or partnership? Public? City or county? Independent airport authority? Port authority? State?
A-2 Generating Revenue from Commercial development On or Adjacent to Airports 4.3 Management Structure Evaluation Who will make decisions? Who will implement initiatives? How will enabling legislation and existing financial agreements/restrictions impact development? Conclusion: Airport management structure Notes Who sets airport policy? How is policy implemented? Who creates the airport budget? Who approves the budget? Where does authority lie? To engage in development? To sign a deal? To issue bonds? How many employees per department? Property/development manager? Enabling/governing legislation? Bond resolution/restrictions? Rate covenants?
Chapter 4 Checklists A-3 4.4 FAA Grant Obligation Checklist Non-aeronautical land Yes No Notes Identified as such on ALP? Released by FAA? Acquired for noise mitigation? ALP-required FAA environmental review? Evaluation How do grant obligations currently apply to airport property? How do current grant obligations impact development choices and timelines? Conclusion: Grant obligations Yes No Notes Airport? Received federal funds? Received state grants? Land for development? Aeronautical use on ALP? Owned by airport? Acquired with airport funds?
A-4 Generating Revenue from Commercial development On or Adjacent to Airports 4.5 ALP and Master Plan Checklist Plan types completed Check to select Notes Airport Layout Plan (ALP)? Update needed/planned? Airport Master Plan? Plan area characteristics Size in acres NotesExisting Future Total acreage in plan area? Aeronautical acreage? Non-aeronautical acreage? Planning year horizon Check to select Notes Short-term (5 years)? Medium-term (10 years)? Long-term (20 years)? Development Plan consistency Check to select Notes ALP-designated aeronautical use? ALP-designated non-aeronautical use? Consistent with current development plans? Plan mapping Check to select Notes Runway protection zones (RPZs)? Runway and taxiway safety areas? Obstacle- and object-free zones? Noise compatibility (buffer) land on ALP? On Airport Master Plan? Noise contours? Future improvements identified? Other Notes Transportation network? Is existing documented? Planned future improvements?
Chapter 4 Checklists A-5 4.5 ALP and Master Plan Checklist (Continued) Evaluation Does the current airport ALP and/or Master Plan and associated information need updating? Conclusion:
A-6 Generating Revenue from Commercial development On or Adjacent to Airports 4.6 Airport Strategic Business Plan/Budgeting Strategic Business Plan Check to select Notes Strategic Business Plan? Adopted before 2009? Due for review and update? Plan has multiple horizons? Short-term goals? Mid-term goals? Long-term goals? Budgeting horizon Yes No Notes Annual? 5-year? 10-year? Longer? Capital improvement plan Yes No Notes Annual? 5-year? Implements the Strategic Business Planâs improvement program? Major capital improvements Notes Facilities to be improved? Improvements to existing facilities or new levels of service? Revenue generation? Revenue and sustainability Yes No Notes Revenue supports operations? Revenue sustainable according to mid-term plan? Revenue sustainable according to long-term plan? If not, is airport projected to be self-sustaining in future? Public subsidy Yes No Notes Publicly owned? Dependent on government funding to operate? Privately owned? Recipient of public loans or grants?
Chapter 4 Checklists A-7 4.6 Airport Strategic Business Plan/Budgeting (Continued) Airport income proportions Notes Revenue breakdown by source? How might current proportions change? Current development generating revenue? Evaluation Is further business planning warranted? Are the current airport vision, development goals, and the path to reach those goals clear? Does the business plan help evaluate the airport developmentâs contribution toward future revenue? Conclusion:
A-8 Generating Revenue from Commercial development On or Adjacent to Airports 4.7 Airport Business Segments Major business sources/customers Yes No Notes Freight/cargo? Business passengers? Leisure passengers? Medical use? Military base on the airport or nearby? Educational? Concessions? Leases? Through-the-fence? Capacity issues? Other? Evaluation Compare the airportâs Strategic Business Plan (if available) to the list of businesses dependent on the airport. What commercial and/or industrial uses will make beneficial targets for development? What potential commercial and/or industrial uses can be ruled out? Conclusion:
Chapter 4 Checklists A-9 4.8 Dominant Industry or Company Dominant industries/companies Notes Percentage of airport revenue Industry/industries in area? Employer(s) in area? Company/companies in area? Manufacturer(s) in area? Military base(s) in area? Airport on base? Cargo hub? Growth Notes Market data shows industry growth? Airport data shows use trends? What benefits could be realized due to presence of dominant industry? How might the airport be able to diversify revenue over time because of the dominant industryâs presence? What are the risks, if any, due to the presence of the dominant industry? Conclusion:
A-10 Generating Revenue from Commercial development On or Adjacent to Airports 4.9 Business Trends and Projections for Airport Revenue Airport revenue by segment (Last 5 years) Notes Airport revenue trends? Grown or contracted? Airport revenue segments? Which have grown continuously and will remain important? Which have declined and are unlikely to attract development? Any declining that may improve through development or airside improvements? Major industry trend? Airport financial health Notes Major customers lost or gained? General financial status? Profitable? Stable with assistance? Uncertain? Weak/declining? Recovery from recession impacts? What elements traceable to Great Recession? Has revenue increased? Is financial recovery ongoing or complete? What new strategies or initiatives are ongoing? Evaluation What market segments are expected to grow? What market segments tied to significant airport revenue may decline? How does the airportâs current general financial status impact development plans in light of cost and risk? Conclusion:
Chapter 4 Checklists A-11 4.10 Funds for Development Airport or municipal funds Notes Annual amount available? Funding sources Notes Sources of funding? Private? Subsidy? Operating income? Feasibility of fee increases? Potential budget adjustments? Fund availability over 5 to 10 years? Bonding capacity? Capital markets/bank loans? Availability? Interest rates? Evaluation What funds may be available for the development project immediately and over time? In light of available funds, is there a need for a joint venture partner or master developer? Is funding limited to the extent that further analysis is warranted? Conclusion:
A-12 Generating Revenue from Commercial development On or Adjacent to Airports 4.11 Risk Tolerance for Development Projects Risk tolerance factors Notes Importance of guaranteed income? Legal restrictions on risk? Constraining laws/regulations? Partnership/revenue-sharing limitations? Assume market risk for return? Long-term, detailed planning? Pursue developer partnership? Evaluation Does airport have broad financial support from governing agencies/partners enabling long-term investments with less certain returns but more income potential (high risk)? Can airport commit limited resources to increase income, but desires protection from market uncertainty (moderate risk)? Is the airport in a position to only seek stable income streams for minimal investment due to financial, legal or political reasons (low risk)? Conclusion:
Chapter 4 Checklists A-13 4.12 Development Goals Factors for development Check to select Notes Excess unproductive land? Jobs for local economy? Additional revenue needed for long-term sustainability? Additional income critical to operations? Has airport identified revenue goals over time? Goals for increased revenue? Short-term goals? Long-term goals? Can airport remain financially sound between investment and return? Developer proposal on the table? Benefit to airport? Growing market demand for commercial/industrial land? Evaluation Is the development interest motivated by objective for additional revenue over time (promising scenario) or for immediate shortfall (less positive scenario)? Is the external initiative, whether driven by developer or government agency, in the best interest of the airport as far as revenue and sustainability? Conclusion:
A-14 Generating Revenue from Commercial development On or Adjacent to Airports 4.13 Community Context Local stakeholders Notes Identify local stakeholders? Public? Private? Relationships with stakeholders Notes Summarize relations with local stakeholders? Local government? County/state government? Surrounding landowners? Local industry advisory board? Public involvement/other communication? Viewed as economic asset by city or region? Goals aligned with city and regional goals? Friction related to operations, expansion, or noise? Jobs directly and indirectly supported by operations? Regional agency awareness of job support? Other commercial/industrial developments in area? Airport development viewed as competition? Evaluation Is the community actively involved and supportive of development? Do little involvement and poor relations with the community warrant additional efforts to improve relationships/communication? Conclusion:
