Airport Development Takes Flight

When Denver International Airport was under development in 1990, planners knew that the 53-square mile site presented many unique opportunities beyond gargantuan terminals and abundant runway expansions. What they envisioned was a vibrant commercial district surrounding the nation's largest airport by land area.

The grand plan is coming together. Seventeen years after being completed, Denver International hosts a growing constellation of commercial developments centered on the airport's complex of tent-like terminals.

Meanwhile several other U.S. airports with excess land are working with commercial developers to diversify their revenue base through retail, industrial, and hotel uses, among others. Some recent examples:

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Detroit Metropolitan Airport officials are exploring more than $35 million in retail and hotel developments on roughly 25,000 acres of woodlands and open fields surrounding their airport.
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Last year, El Paso International airport razed an old manufacturing property located on airport land. Two new hotels are planned for the 9.3-acre site.
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The Piedmont Triad International Airport in Greensboro, N.C. is seeking to buy roughly 500 acres of land adjacent to its 3,000-acre airport. In 2009, a third runway will be completed to accommodate FedEx's growing mid-Atlantic hub.

These airports have plenty of company. More airports issued requests for qualifications (RFQs) between June 2005 and June 2006, according industry sources, up from the preceding 12-month period. All of the requests were seeking response from commercial developers.

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source: nreionline.com