FINANCIAL PLANNING FOR THE CONSTRUCTION OF A REGIONAL AIRPORT

This paper describes a key implementation tool for financial planning applied to a major expansion of the metropolitan airport system in Louisville, Kentucky. The tool is a financial model including detailed forecasts and regional and national economic assumptions. The methodology developed airport facility requirements, implementation phasing, activity forecasts, and facility requirements in response to the defined need. A cash flow model was developed, and consideration was given to land acquisition, relocation, a passenger terminal, parking facility, runway and taxiway construction, and other project development costs. A technique for scheduling capital costs consistent with annual assessment of demand was developed. Revenues and costs anticipated for airport operation were defined, and the contributions to project revenues of the Federal Aviation Administration through the Airport Development Aid Program and the Federal Highway Administration were analyzed and projected. The model places major emphasis on inputs, outputs, and mathematical logic. Pessimistic, likely, and optimistic ranges of parametric values input to the cash flow model were used to treat conditions of uncertainty. The final results of the fiscal planning exercise became an input to the site selection process.

• Record URL:
  • http://onlinepubs.trb.org/Onlinepubs/trr/1975/529/529-003.pdf
• Summary URL:
  • http://scholar.google.com/scholar_lookup?title=FINANCIAL+PLANNING+FOR+THE+CONSTRUCTION+OF+A+REGIONAL+AIRPORT&author=C.+Schimpeler&author=J.+Corradino&author=V.+Unger&author=J.+Jarvis&author=W.+Connors&publication_year=1975
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/03611981
• Supplemental Notes:
  • Publication of this paper sponsored by Committee on Taxation, Finance, and Pricing. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
• Authors:
  • Schimpeler, Charles C
  • Corradino, Joseph C
  • Unger, V E
  • Jarvis, John J
  • Connors, W J
• Conference:
  • 54th Annual Meeting of the Transportation Research Board
  • Location: Washington District of Columbia
  • Date: 1975-1-13 to 1975-1-17
• Publication Date: 1975

Media Info

• Media Type: Digital/other
• Features: References;
• Pagination: pp 17-23
• Monograph Title: Air travel and aviation facilities planning
• Serial:
  • Transportation Research Record
  • Issue Number: 529
  • Publisher: Transportation Research Board
  • ISSN: 0361-1981

Subject/Index Terms

• TRT Terms: Airports; Cash flow; Construction; Costs; Demand; Economic factors; Federal aid; Financing; Forecasting; Mathematical models; Operating costs; Parking lots; Property acquisition; Relocation (Facilities); Revenues
• Uncontrolled Terms: Construction costs; Models; Relocation
• Subject Areas: Aviation; Construction; Economics; Finance; Highways; Public Transportation; Terminals and Facilities;

Filing Info

• Accession Number: 00097202
• Record Type: Publication
• ISBN: 0309023769
• Files: TRIS, TRB
• Created Date: Sep 30 1981 12:00AM