Table of Contents
Select a link below to start reading online free!
Front Matter	i-xi
Summary	1-4	(skim)
1.1 Purpose of This Guidebook	5-5	(skim)
1.2 How to Use This Guidebook	6-6	(skim)
1.3 Research Approach	7-9	(skim)
2.1.1 Aeronautical Versus Nonaeronautical	10-10	(skim)
2.1.2 Land Lease	11-11	(skim)
2.1.5 Hangar Rental Agreement	12-12	(skim)
2.1.7 Airline Leases	13-14	(skim)
2.2 Essential Lease Elements	15-15	(skim)
2.2.4 Use of Premises	16-16	(skim)
2.2.6 Rent	17-17	(skim)
2.2.8 Operation and Maintenance	18-18	(skim)
2.2.10 Reversion/Reversionary Clause	19-19	(skim)
2.2.12 Rights, Reservations, and Obligations of Lessee	20-20	(skim)
2.2.15 Insurance Obligations	21-21	(skim)
2.2.16 Environmental	22-22	(skim)
2.2.17 Taxes and Fees	23-23	(skim)
2.2.19 Defaults	24-24	(skim)
2.2.21 Regulatory Compliance	25-25	(skim)
2.2.25 Force Majeure	26-26	(skim)
2.3.1 Noncompete Clause	27-27	(skim)
2.3.2 Right of First Refusal	28-28	(skim)
2.3.4 Term Extension Options	29-29	(skim)
Chapter 3 - Airport Owner/Sponsor Role	30-30	(skim)
3.1.1 Airport Master Plan	31-31	(skim)
3.1.2 Infrastructure Inventory Analysis	32-32	(skim)
3.1.4 Airport Business Plan	33-33	(skim)
3.2 Grant Assurances and Federal Compliance	34-34	(skim)
3.2.2 Community Considerations	35-35	(skim)
3.2.3 Land Management Compliance	36-36	(skim)
3.2.5 Business Practice Assurances	37-37	(skim)
3.2.6 Exclusive Rights	38-38	(skim)
3.2.7 Environmental Compliance	39-39	(skim)
3.3 Minimum Standards and Rules and Regulations	40-41	(skim)
3.5 Stakeholder Coordination	42-42	(skim)
3.5.2 Economic Development Agencies	43-43	(skim)
3.5.5 Colleges and Universities	44-44	(skim)
3.5.7 Federal Government	45-45	(skim)
3.6 Sociopolitical Considerations	46-46	(skim)
3.6.3 The Economic Development Role	47-47	(skim)
3.6.4 Incentives and Assurances	48-48	(skim)
4.1 Existing Agreements	49-49	(skim)
4.3 Funding	50-50	(skim)
4.4 Land and Facility Development	51-51	(skim)
4.5.1 Appraisal	52-52	(skim)
4.6 Airport Revenue Maximization	53-53	(skim)
4.7 External Stakeholder Resources	54-54	(skim)
5.1.1 Funding	55-55	(skim)
5.1.2 Quantifying Benefits - Pro Forma Analysis	56-56	(skim)
5.1.3 Capital Recovery Rates	57-57	(skim)
5.2.1 Return on Investment	58-59	(skim)
5.2.2 Financial Effects of Lease Components	60-60	(skim)
5.3.1 Debt/Equity Coverage	61-61	(skim)
5.4.1 Tax-Exempt Debt	62-62	(skim)
5.4.2 Private Financing	63-63	(skim)
5.6 Funding Sources	64-64	(skim)
5.6.1 Airport Improvement Program	65-65	(skim)
5.6.3 Alternative Grant Sources	66-66	(skim)
5.6.4 Private Capital	67-67	(skim)
6.1.1 Airport Planning	68-68	(skim)
6.1.4 Economic Impact Considerations	69-69	(skim)
6.2 Lease Execution	70-70	(skim)
6.2.3 Lease Rate Determination	71-71	(skim)
6.2.5 Reversion	72-72	(skim)
6.3.1 Project Analysis Checklist	73-73	(skim)
6.3.2 Lease Agreement Checklist	74-76	(skim)
Case Study Summaries	77-77	(skim)
Collin County Regional Airport (TKI)	78-79	(skim)
Monroe County Airport (BMG)	80-81	(skim)
Coastal Carolina Regional Airport (EWN)	82-83	(skim)
New Bedford Regional Airport (EWB)	84-84	(skim)
Albany International Airport (ALB)	85-87	(skim)
Baton Rouge Metropolitan Airport (BTR)	88-89	(skim)
Pittsburgh International Airport (PIT)	90-91	(skim)
Ted Stevens Anchorage International Airport (ANC)	92-93	(skim)
George Bush Intercontinental Airport/Houston (IAH)	94-95	(skim)
Tampa International Airport (TPA)	96-99	(skim)
Project Attributes Matrix	100-101	(skim)
Project Stakeholder Matrix	102-103	(skim)
Appendix B - Acronyms	104-105	(skim)
Appendix C - Glossary	106-122	(skim)
Appendix D - References and Bibliography	123-126	(skim)
Appendix E - Nominated Airport Projects	127-129	(skim)
Abbreviations used without definitions in TRB publications	130-130	(skim)

Description

TRB's Airport Cooperative Research Program (ACRP) Report 47: Guidebook for Developing and Leasing Airport Property explores issues associated with developing and leasing available airport land and summarizes best practices from the perspective of the airport sponsor.

The guidebook includes a diverse set of case studies that show several approaches airports have taken to develop and lease property for both aeronautical uses and non-aeronautical uses.

The project that developed the guidebook also produced two presentation templates designed to help airports in effective stakeholder communication regarding developing and leasing airport property. The templates, designed for a non-technical audience, provide content, examples, and definitions for a presentation to community stakeholders. The templates, one for aeronautical use development presentations, and the second for non-aeronautical use development presentations are available only online.

ACRP Report 47:

Guidebook for Developing and Leasing Airport Property

Important Notice:

Citation Manager

Description

Authoring Organizations

Search This Book

SIGN UP FOR...