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Message
re: New Nola Airport Update - October Opening Unlikely, No Firm Date Set
Posted on 9/19/19 at 8:12 pm to SM6
Posted on 9/19/19 at 8:12 pm to SM6
To take it a step further, the entire funding package has been approved by the airlines. They have a clause in their use and lease agreement known as “Majority in interest”. It allows them to approve or reject any capital project because they will fund it through their user fees.
0
Posted on 9/19/19 at 8:12 pm to fightin tigers
I heard Kenner was on the move brah but I didn’t know they were building airports.
Posted on 9/19/19 at 8:14 pm to fightin tigers
quote:
Is the Airport profitable?
By definition, no. It is a break even enterprise.
The airport operates on a compensatory rate structure. All costs and all revenues are pooled. If a deficit the airlines kick in the shortfall, of a surplus then the airport cuts a check to the airlines.
This post was edited on 9/19/19 at 8:14 pm
Posted on 9/19/19 at 8:14 pm to SM6
So zero tax dollars go to the airport?
Have never researched, but besides a few majors I don't think any are profitable without tax dollars.
Im not knocking the method, I agree with doing so.
Have never researched, but besides a few majors I don't think any are profitable without tax dollars.
Im not knocking the method, I agree with doing so.
This post was edited on 9/19/19 at 8:17 pm
Posted on 9/19/19 at 8:16 pm to fightin tigers
Zero local tax dollars go to it. There are the FAA grants, but those are for airfield infrastructure, like runway rehabilitations.
Posted on 9/19/19 at 8:17 pm to SM6
Do the FAA grants cover access roads ?
Posted on 9/19/19 at 8:18 pm to fightin tigers
No airports in the US are profitable, save for maybe Paine Field and Westchester.
That is because no US airports are for profit entities. Those two I listed are the only ones who operate under a PPP currently. Everything else is municipal owned, and therefore not for profit.
That is because no US airports are for profit entities. Those two I listed are the only ones who operate under a PPP currently. Everything else is municipal owned, and therefore not for profit.
Posted on 9/19/19 at 8:18 pm to SM6
Thank you SM6 for always bringing facts into this discussion
Posted on 9/19/19 at 8:19 pm to TigerWise
quote:
Do the FAA grants cover access roads ?
Typically, no. Unless they are roadway access points necessary for the safe operation of the airport (ie for fire rescue)
Posted on 9/19/19 at 8:22 pm to BeeFense5
If it makes everyone feel better, the new airport in Berlin is like 10 years over deadline. And may never open. So things could be worse....
Yeah, I know. Germans.
Yeah, I know. Germans.
Posted on 9/19/19 at 8:29 pm to BeeFense5
Not surprised by any of this with New Orleans
Still remember what a mess the 1984 worlds fair was.
Just name a project in New Orleans that isn’t a mess and full of corruption.
Still remember what a mess the 1984 worlds fair was.
Just name a project in New Orleans that isn’t a mess and full of corruption.
Posted on 9/19/19 at 8:44 pm to BeeFense5
Only reason they are building the new terminal is because the NFL told them they needed it to host another Super Bowl...yup heard it here first
Posted on 9/19/19 at 8:44 pm to Cosmo
quote:
Toilets will back up on day 1 no matter what
They will call it the Katrina Super dome experience
Posted on 9/19/19 at 8:46 pm to BeeFense5
If that new exit is going to be years before it is built, probably a good thing this terminal continues to be delayed
Posted on 9/19/19 at 8:47 pm to SM6
quote:
The project is funded by PFCs and General
Airport Revenue Bonds
So instead of making Orleans Parish residents pay for this, they're making people who can actually afford a plane ticket pay for it.
WHAT A RELIEF.
Posted on 9/19/19 at 8:49 pm to USMEagles
quote:
So instead of making Orleans Parish residents pay for this, they're making people who can actually afford a plane ticket pay for it.
WHAT A RELIEF.
No no, he clarified, no taxes go towards the airport. FAA grants do though.
This post was edited on 9/19/19 at 8:50 pm
Posted on 9/19/19 at 8:49 pm to BeeFense5
By comparison, Hobby added a 6 gate international expansion that cost $150mm. It was announced in 2011 and completed in the spring 2016.
Posted on 9/19/19 at 8:50 pm to mule74
Yeah but Houston also has IAH. Nola doesn’t have that luxury.
Posted on 9/19/19 at 8:51 pm to mule74
quote:
and completed in the spring 2016.
Behind schedule
Posted on 9/19/19 at 8:51 pm to fightin tigers
quote:
No no, he clarified, no taxes go towards the airport. FAA grants do though.
We're basically just smearing the feces around as much as possible at this point.
If it were up to me, Orleans Parish and the state would pay for most of this, and that wouldn't be a bad thing.
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