PBS39 News Reports
AIRPORT
Clip: Season 2018 | 4m 51sVideo has Closed Captions
Runway repairs, a new hangar and eventually a hotel and retail shops are all in the mix.
AIRPORT: Runway repairs, a new hangar and eventually a hotel and retail shops are all in the mix as Lehigh Valley International Airport looks to enhance its revenue streams. CHLOE
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PBS39 News Reports is a local public television program presented by PBS39
PBS39 News Reports
AIRPORT
Clip: Season 2018 | 4m 51sVideo has Closed Captions
AIRPORT: Runway repairs, a new hangar and eventually a hotel and retail shops are all in the mix as Lehigh Valley International Airport looks to enhance its revenue streams. CHLOE
Problems playing video? | Closed Captioning Feedback
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>>> LEHIGH VALLEY INTERNAT AIRPORT, A PUBLIC ENTITY I REINVESTING WITH AN EYE TO THE FUTURE, NOT JUST THING THAT WILL INCREASE PASSENG TRAFFIC BUT DIFFERENT REVE STREAMS.
THE REGIONAL AIRPORT IN TH DECADES TO COME.
>> THERE IS NO SHORTAGE OF PROJECTS, OR CAPITAL INVES WE NEED TO MAKE.
>> THOMAS STOUT IS THE EXECUTIVE DIRECTOR OF THE AIRPORT AUTHORITY.
HE RUNS LEHIGH VALLEY INTERNATIONAL, ALSO KNOWN THE AIRPORT CODE ADE.
>> THEY DO NOT ACCEPT ANY OF TAX REVENUE.
THE AIRPORT REALLY OPERATE WITH FEDERAL GRANTS THAT SUPPORT IS.
THOSE ARE REALLY GRANTS TH USER FEE.
SO ONLY PEOPLE U THE AIRPORT, USING THE AIR SYSTEM REALLY PAYING FOR T IMPROVEMENTS TO THE GRANT PROGRAM.
SO, IT IS REALLY IMPORTANT US TO BE SELF-SUSTAINING A ABLE TO CONTINUE TO REINVE THE INFRASTRUCTURE.
>> Reporter: AFTER A PERIO MERGER MANIA ANY AIRLINE INDUSTRY, INC.
OF CONTINENTAL MARGIN WITH UNITED AND US AIRWAYS WITH AMERICAN AIRLINES.
AIRPORT SOUGHT LESS COMPET AMONG AIRLINES.
RELYING ON AERONAUTICAL REVENUE, SUCH AS TERMINAL AIRLINES WAS NOT A SAFE BE THE AIRPORT ONLINE.
>> THE AERONAUTICAL COMPON OVER TIME HAS DECREASED IN LOT OF AIRPORTS.
AIRPORTS HAVE MERGED AND CONSOLIDATED SO THERE ARE AIR CARRIERS THAN THERE WE YEARS AGO.
SO THE REVENUE HAS DECREAS FOR A LOT OF AIRPORTS.
>> Reporter: REVENUE IS OBVIOUSLY AN IMPORTANT FAC FOR FINANCIAL STABILITY OF BUSINESS.
2018 WAS THE BEST YEAR FOR PASSENGER TRAFFIC IN SEVEN YEARS.
EVEN SO, CREATING NOT AERONAUTICAL REVENUE STREA CRITICAL.
>> ONE OF THE THINGS REALL DIFFERENT FOR US IS MOVING FORWARD, REALLY FOCUSING O NON-AERONAUTICAL REVENUE A WELL.
SO, YOU WILL BE SEEING A L ACTIVITY FOR US IN TERMS O LAND SALES AND LEASES.
ONE OF THE THINGS WE TALKE ABOUT, DIFFERENT REVENUE STREAMS, THERE MIGHT BE A ON THE PREMISES.
>> WRITES.
WE'RE ACTUALLY IN THE PROC OF GOING OUT TO LOOK AT OPPORTUNITIES FOR HOTEL DEVELOPERS AND ONE OF THOS OPPORTUNITIES WOULD BE BASICALLY LOOKING AT THE H BEING IN OUR LOCATION AND R TERMINAL BUILDING, BRICK BUILDING AND CONTROL TOWER COMBINATION THAT WOULD ALL TO BUILD HOTEL SPACE RIGHT ON AIRPORT PROPERTY, THE POTENTIAL FOR RESTAURANTS OTHER RETAIL SPACE.
>> ANOTHER NOT AERONAUTICA REVENUE STREAM IS AIRPLANE HANGAR LEASES, CORPORATION LEASE SPACES AT AIRPORTS T HOUSE AND PERFORM MAINTENAN PLAINS.
THEY'RE IN THE PROCESS OF CONSTRUCTING A NEW $60 MIL STATE-OF-THE-ART AIRCRAFT HANGAR.
HANGAR 11.
>> IT WILL HELP CROSS THE FREEWAY.
CROSSING FOR GENUINE.
>> HANGAR 11 IS A 54,000 S FOOT HANGAR AND IS DESIGNE REALLY FOR THE NEXT GENERA OF CORPORATE AIRCRAFT.
THOSE LARGER HEAVIER CORPO AIRCRAFT ARE REALLY ABLE T TAKE OFF FROM HERE AND ALM GO ANYWHERE IN THE WORLD.
>> Reporter: THE INVESTMEN COULD HELP THE REGIONS ECONOMICS TO.
ATTRACTING BUSINESSES TO M INFRASTRUCTURE IN THE LEHI VALLEY.
>> IS GREAT TO HAVE THE AB TO HOUSE THE AIRCRAFT, BUT ADDITION, TO HAVE THIS IS COMPANIES ACTUALLY LOOK AT REGION FOR BASING THEIR OPERATION BECAUSE THEY CAN THEIR SIGHTS DEPARTMENT RI HERE.
TO THEY CAN UTILIZE OPEN L THEY ALREADY OWN FOR DEVELOPMENT, TACKLING PROJ LIKE HANGAR 11.
THAT SIMPLY IS NOT AN OPTI FOR COMPETING AIRPORTS IN DENSELY POPULATED REGIONS.
LIKE PHILADELPHIA OR NEW Y CITY.
>> THE NORTHEAST CORRIDOR REALLY CONGESTED CORRIDOR AIR TRAVEL.
WE KNOW THAT THERE IS NOT OF HANGAR CAPACITY ARE HAN PRODUCTS AVAILABLE FOR THE CORPORATE AIRCRAFT.
SO, HAVING THAT TYPE OF DEVELOPERS HERE LOCALLY, N ONLY HELPS THE AIRPORT, BU HELPS THE REGION.
>> Reporter: THE SPRING, T WILL HAVE A CROSS-SECTION THE TWO RUNWAYS.
IS PART OF A FOUR-YEAR $50 MILLION REHAB PROJECT FOR AROUND 50 UP, THE AIRPORT CLOSE FOR CONSTRUCTION TEA WORK ON THE INTERSECTION O REVENUE 64 AND 1331.
>> A VERY CRITICAL PROJECT US, AIRPORT PAYMENT IS LIK RUNWAY TO LAST 20 YEARS.
SO, IS A VERY LONG LIFETIM THAT PAVEMENT AND WE ARE C UP TO THAT'S 20 ARE NOW SO IS THE TYPING FOR US TO GE THE RUNWAY THAT REALLY MAK SURE WE ARE READY FOR WHAT SNACKS.
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