Airport Economic Impact Methods and Models (2008) / Chapter Skim
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The economic impact study is a tool frequently used by airport operators, planners, and regulatory agencies to measure the economic value that an airport contributes to its local and regional surroundings. It has become one of the standard airport planning documents, along with the airport master plan update, noise compatibility study, and required environmental documents.
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The surveying effort consisted of two separate online surveys administered as part of this synthesis study. The first was intended for users of economic impact studies.
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• Focusing on the incremental value of the airport by considering the opportunity cost of using the airport property for aviation purposes, • Defining which impacts are additive, and • Assessing offsetting impacts in addition to positive ones. There have also been innovations in defining new impact areas that previously have not been considered in traditional methods.
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