Grant Assurance 7 – Consideration of Local Interest
Grant Assurance 7 simply requires that airports take the local communities’ interest in a project into consideration. To do so, they should coordinate with the … Read More
Grant Assurance 6 – Consistency with Local Plans
Grant Assurance 6 requires airports to ensure consistency with plans for development around the airport. [1]https://www.faa.gov/airports/aip/grant_assurances/media/airport-sponsor-assurances-aip-2020.pdf The project is reasonably consistent with plans (existing at … Read More
Revenue Diversion
Generally speaking, revenue generated by the airport, must stay with the airport. The basis of the US civil aviation system is founded upon the principle … Read More
Developing An Operating Budget
Basics A budget is “the amount of money that is available for, required for, or assigned to a particular purpose“.[1]https://www.merriam-webster.com/dictionary/budget For an airport, the operating … Read More
Concessions Development
Concessions Passengers have needs while at airports. Concessions and retail often fill that need. Airports provide the passengers, the retailers provide the services. Concessions are … Read More
Airport Lease Agreements
Leases are contracts between parties to provide access to land, property, or a service from one party to another for a specified time period and … Read More
Airport Finances
Airports in the United States are designed to be self-sustaining entities. The origins of civil aviation in the US laid the foundation for users of … Read More
Grant Assurance 5 – Preserving Rights and Powers
Grant Assurance 5 – Preserving Rights and Powers is broken into three areas. General Requirements Noise Compatibility Thru-The-Fence (TTF) Access General Requirements The basis of … Read More
Grant Assurance 4 – Good Title
Grant Assurance 4 – Good Title is a requirement that the airport sponsor holds the title to the airport where the federally funded project will … Read More
Grant Assurance 3 – Sponsor Fund Availability
See Grant Assurances for the broad overview of the obligations on airports who receive federal funding. Grant Assurance 3 – Sponsor Fund Availability addresses the … Read More
