AIRPORT NON-AVIATION LAND DEVELOPMENT: THE WHYS AND HOWS

This article addresses the importance of an airport non-aviation land development (NALD) program and summarizes the steps that should be taken to implement such a plan. A NALD can enhance operating and capital budget revenues, fuel growth in aviation activity, expand aviation-related services, improve customer service, and generate public goodwill through enhanced regional economic development. An NALD professional, preferably a real estate fee developer (REFD) advisor, should be engaged, since this approach encourages the participation of many competing developers with various brokers and end users while permitting airport management to retain control over the development process. The REFD should have broad land development experience and the ability to perform market feasibility studies and financial analyses. The REFD advisor and the airport management should work together to establish the project scope and initiate necessary partnerships with public and private stakeholders. A marketing program should be developed that exploits the airport's inherent market position for non-aviation business and integrates the regional economic development marketing strategy with the NALD project's marketing strategy. Both parties should commit to: implementing target-marketing initiatives; soliciting development proposals from a wide geographical area; facilitating infrastructure and financing needs; working together to win community and regulatory approvals; and managing the planning, design and construction process.

• 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:
  • Wampler, A E
• Publication Date: 2003-5

Language

• English

Media Info

• Features: Figures;
• Pagination: p. 60-61
• Serial:
  • Airport Magazine
  • Volume: 15
  • Issue Number: 3
  • Publisher: AAAE Service Corporation, Incorporated
  • ISSN: 0744-5326

Subject/Index Terms

• TRT Terms: Airports; Financial analysis; Land use planning; Market assessment; Marketing; Project management; Public private partnerships; Real estate development; Real estate industry; Regional development
• Subject Areas: Administration and Management; Aviation; Finance; Society; Terminals and Facilities;

Filing Info

• Accession Number: 00960771
• Record Type: Publication
• Files: TRIS
• Created Date: Jul 14 2003 12:00AM