While some large airports obtain sufficient operating revenues from user-generated fees, many others actively require additional sources of funding. To address this need the Airport Cooperative Research Program sponsored a study of opportunities for airports to obtain revenues from non-traditional sources, and a guide for airports on adopt them. The team of Kramer Aerotech and EDR Group was selected to conduct the study.
The study identified a range of options featuring non-aviation revenue sources. EDR Group led the analysis of opportunities for airports to employ innovative land value capture techniques. This included land and energy resource development contracts, developer risk/revenue sharing, business improvement districts and public private partnerships. EDR Group's role was to examine each of the value capture techniques and assess how it could be converted into revenue streams for airports.
The end product was guide for airport managers and sponsors. The guide lays out a series of innovative revenue strategies, and for each one describes implementation techniques and examples. IT has been published as ACRP Report 121.