Transcription of Airport Economic Development Model - EDR Group
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Airport Economic Development Model - EDR Group
Paper presented at the PTRC International Transport Conference, Manchester, England, AREA Economic Development MODELGlen E. Weisbrod, Economic Development Research Group , Boston, MAJohn S. Reed and Roanne M. Neuwirth, Cambridge Systematics, INTRODUCTON AND OVERVIEWAs business markets become national and international in scale, airports are increasingly beingviewed as catalysts for local Economic Development . Their ability to generate jobs and attractnew business is being used in many locations as a justification for public investments in newairport construction and expansion. Anticipation of new business activity also calls forappropriate land planning. Yet few types of Economic Development have been as poorlypredicted as Development around airports. At some airports, large tracts of surrounding landreserved for Development have remained vacant for decades.
airport employment, but generate less demand for passenger services and hotels. Freight activity is greatest for airports with international and long-distance services. For cities with new second airports, the newer airport usually takes nearly all of the freight
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