REAL ESTATE APPRAISALS. GETTING YOUR MONEY'S WORTH

Airport managers and professionals within the aviation industry continue to hear that airport properties owned by public and/or municipal governments have a legal obligation to be self-sustaining. Traditionally, most airport authorities and/or municipalities have charged less than fair market value for various assets found within airport grounds. In a March 1994 report, FAA gave a number of examples of various violations of self-sustaining assurances cited by the Department of Transportation's Office of Inspector General. They include: leases below fair market value, leases below market to governmental agencies, failure to market vacant land, failure to include reasonable escalation or renegotiation clauses, and aeronautical land leases below fair market rental value.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/07445326
• Corporate Authors:

  AAAE Service Corporation, Incorporated

  4212 King Street
  Alexandria, VA  United States  22302
• Authors:
  • Greenberg, B D
• Publication Date: 1997-9

Language

• English

Media Info

• Pagination: p. 48-52
• Serial:
  • Airport Magazine
  • Volume: 9
  • Issue Number: 5
  • Publisher: AAAE Service Corporation, Incorporated
  • ISSN: 0744-5326

Subject/Index Terms

• TRT Terms: Airport operations; Appraisals; Finance; Land values; Market value; Property values
• Old TRIS Terms: Airport management
• Subject Areas: Aviation; Finance; Terminals and Facilities;

Filing Info

• Accession Number: 00740551
• Record Type: Publication
• Files: TRIS
• Created Date: Sep 24 1997 12:00AM