Making the Case for Investment in Airport Facilities

LeighFisher prepared the feasibility report in support of the sale of the 2010A Bonds, analyzing: 1) future airline traffic demand at the Airport, giving consideration to the demographic and economic characteristics of the region served, connecting airline service, and other key factors that will affect future traffic, 2) historical relationships among revenues, expenses, and airline traffic at the Airport and other factors that may affect future revenues and expenses, 3) budgets for the Airport, projected staffing requirements, the facilities to be provided as part of the capital improvement program, and other operational considerations affecting revenues and expenses, and 4) policies and contractual agreements relating to the use and occupancy of Airport facilities, including the calculation of airline rentals and fees under the airline agreement, the operation of concession privileges, and the leasing of buildings and grounds.