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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. Unforeseen rapid developmentaround other airports has saturated the area and choked area roads with traffic.

2. GEOGRAPHIC LOCATION OF BUSINESS RELATIVE TO AIRPORT We can define four categories of location relative to airports: (I) at airport, (2) adjacent to the

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