Summer Issue 2021 - 46

outlook for
airport
development
RON NYREN
What is coming for travel services, concessions,
commercial development, and logistics?
Members of ULI's Airport Development Council
discuss the effects of the COVID-19 pandemic
on airport development, the implications for funding
airport development, design trends in passenger
facilities, ways to strengthen the connections
between airports and surrounding communities, and
other trends.
How has the COVID-19 pandemic
affected development in and around
airports, and how is the industry
responding?
JOHN TERRELL: The aviation industry was hit
extremely hard. Prior to COVID-19, there were three
main non-aviation revenues at airports: concessions,
parking, and commercial development. Two
of these are passenger dependent. Commercial
development generally involves long-term lease
agreements, which have provided a continuing revenue
stream through the pandemic, so airports are
placing more focus on it now.
LYNN SMITH: Overall, there have been slight
adjustments in schedule and deliverables, but
development is continuing at airports. At HartsfieldJackson
Atlanta International Airport, our planning
and development department is very busy. There
has been increased development on the logistics
side, but we are still moving forward with in-terminal
development as well.
STEVEN FORRER: Although domestic leisure travel
is now bouncing back, international passenger
travel has been hard hit. Air cargo has been steady
to growing overall, especially e-commerce, to the
benefit of local communities and the airports they
host, but the loss of international passenger travel
has been and remains a material issue for internacontributing
their insights:
Steven Forrer, chief
investment officer, Aviation
Facilities Company; cochair,
Airport Development Council
Chris LeTourneur,
president and chief executive
officer, MXD Development
Strategists; cochair, Airport
Development Council
Lynn Smith, airport
director of real estate and
development, HartsfieldJackson
Atlanta International
Airport; vice chair, Airport
Development Council
John Terrell, president,
PMG Development; vice chair,
Airport Development Council
46
URBAN LAND
SUMMER 20 21

Summer Issue 2021

Table of Contents for the Digital Edition of Summer Issue 2021

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