1 / 16

Airport Development Strategies

PITTSBURGH INTERNATIONAL AIRPORT. Airport Development Strategies. Randy Forister A.A.E. CCIM. Overview. ♦ Planning ♦ Funding ♦ Construction ♦ Marketing. Planning. ♦ The airport is first priority ♦ Take a long-term view, the airport will be there forever ♦ Bring in the stakeholders

zuwena
Download Presentation

Airport Development Strategies

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. PITTSBURGH INTERNATIONAL AIRPORT Airport Development Strategies Randy Forister A.A.E. CCIM

  2. Overview • ♦Planning • ♦ Funding • ♦ Construction • ♦ Marketing

  3. Planning • ♦ The airport is first priority • ♦ Take a long-term view, the airport will be there forever • ♦ Bring in the stakeholders • ♦ You may find supporters you did not know you had • ♦ Cover all the bases even the ugly ones • • Water, sewer, gas, electric, communications and traffic • • Part 77, environmental barriers • ♦ Develop design standards • ♦ Understand your place in the market (Lease vs. Sell) • ♦ Be realistic, the market is always stronger than you are

  4. Planning • ♦ What is the Airports role? • • Land Owner Leasing/Selling as-is where-is • • Land Owner Leasing/Selling “Improved Property” • • Land Owner/Developer leasing a completed building • ♦ Can you bring value that improves your ROI?

  5. Preliminary Buildable Area PlanDraft Results of the Study

  6. Conceptual Infrastructure PlanDraft Results of the Study

  7. Conceptual Phasing PlanDraft Results of the Study

  8. Conceptual Layout PlanDraft Results of the Study

  9. Conceptual Layout PlanDraft Results of the Study

  10. Funding • ♦ Think like an Economic Development Agency • ♦ Do your due diligence • • Market Factors • • Physical Factors (soils, wetlands, Part 77) • ♦ Jobs Jobs Jobs • ♦ Talk to the State and Local development agencies • ♦ Grants, Loans, Loan Guarantees • ♦ TIF Programs, CRA Programs, Earmarks

  11. Construction • ♦ Plan like a developer • ♦ Don’t build more than the market can handle • ♦ Have a flexible plan • ♦ First class is always better than no class • ♦ WHMP

  12. Marketing • ♦ Should start in the planning phase • ♦ Don’t build anything you cannot carry for a long period of time • ♦ Look locally first • ♦ Join the local trade groups and be active

  13. Development Sites Clinton Commerce Park Knepper Press (front)

  14. Development Sites Northfield Dick’s Sporting Goods

  15. Development Sites Cherrington Airside Business Park

  16. Thank You

More Related