National Academies Press: OpenBook

Economic and Social Sustainability at Airports (2019)

Chapter: Keynote Address

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Page 13
Suggested Citation:"Keynote Address." National Academies of Sciences, Engineering, and Medicine. 2019. Economic and Social Sustainability at Airports. Washington, DC: The National Academies Press. doi: 10.17226/25597.
Page 13

Below is the uncorrected machine-read text of this chapter, intended to provide our own search engines and external engines with highly rich, chapter-representative searchable text of each book. Because it is UNCORRECTED material, please consider the following text as a useful but insufficient proxy for the authoritative book pages.

13 Keynote Address Airport Economic Challenges and Innovative Development Stephen Van Beek, Steer Davies Gleave, presenter Stephen Van Beek delivered a presentation titled ‘The Erosion of "Public" Airports.’ He noted that whereas in the past the focus was on airfields, current capacity issues were associated with the strain occurring on the terminal and landside. Van Beek stated that there was a lack of policy on funding and availability of funding for terminal and landside improvements. As a result, airports were starting to look at private equity and public–private partnerships. He noted that the primary value of an airport to a community was its socioeconomic benefits (jobs, payroll, and regional economic contribution). Van Beek noted that the 30 largest airports in the United States accommodated 72% of the activity. Enplanements were up 15.5% between 1999 and 2017, but aircraft operations were up only 4.1%, reflecting a large increase in load factors. This increase in passengers was straining the terminal and landside. TNCs have had a large effect on parking at airports and the revenue available to the airport operator. Angie Fyfe noted that Moody’s was expected to add climate change to its bond-rating system. There was a discussion about the passenger facility charge system and airline opposition to increasing it. Van Beek indicated that he did not believe that there would be an increase in the passenger facility charge and that airports needed to find alternative funding mechanisms, such as public–private partnerships.

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TRB’s Airport Cooperative Research Program (ACRP) Conference Proceedings on the Web 23: Economic and Social Sustainability at Airports is a compilation of the presentations and a summary of the ensuing discussions at May 7-8, 2018, forum in Washington, D.C.

The meeting brought together individuals from airports, airlines, academia, consulting, local and regional government, general sustainability professionals, and others. The forum included sessions on social sustainability, economic sustainability, keynotes on mitigating human trafficking and innovative development at airports, and interactive breakout discussions delving into myriad social and economic sustainability topics.

ACRP organized the event as part of its series of convening activities titled “ACRP Insight Events.” ACRP Insight Events are forums that foster dialogue among professionals across sectors, institutions, and industries.

ACRP Insight Events convene airport industry leaders and subject matter experts in various fields to encourage discussion and promote broader and deeper insight on topics of significance to airport operators. These in-depth, face-to-face gatherings are designed to promote communication and collaboration, foster innovation, and help identify areas of future interest and research, especially for topics of emerging importance.

Copies of the slides of presentations made at the form are available online. The literature review prepared for the event is also available online.

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