will rogers world airport terminal...
TRANSCRIPT
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WILL ROGERS WORLD AIRPORT
TERMINAL EXPANSION
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The Case for WRWA Terminal Expansion March 2014
Presentation Overview
Background
Current Challenges
Proposed Solution
Implementation/First Steps
Financial Plan
Summary
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Background March 2014
Background A 1998 Terminal Planning Study recommended the
expansion & renovation of the 1960’s era WRWA
terminal. The Trust implemented Phase 1 and 2 of
the study.
The terminal project expanded the footprint, but only
added one additional gate.
Anticipating growth, the study included plans for a
Phase 3 expansion of the terminal building to the
east adding additional gates when demand merited.
Since 2006, the community and airport have
experienced steady growth in business and air travel.
A 2011 terminal update plan evaluated a terminal
expansion, a centralized security checkpoint, and
cargo options.
TERMINAL IN 1998
PROPOSED TERMINAL
TERMINAL TODAY
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Background March 2014
5 mainline carriers (American, Delta, Frontier, Southwest, United), and 1 ultra
low-fare (Allegiant).
Terminal complex designed over 15 years ago; both the airline industry and TSA
have dramatically changed the way they operate.
Average of 12,000 travelers per day, additional 2,000 meeter/greeters and people
who conduct business at the airport.
The trend for new or enhanced air service is growing.
As the business environment in Oklahoma City continues to flourish, planning for
expansion is imperative to meet the growing demands of air service to support
economic development and tourism.
Background
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Current Challenges March 2014
Limited Gate Capacity
88% of Gates are Committed
United 5 gates
American 2 gates
Frontier 1 gate
Southwest 3 gates
Delta 3 gates
Airport 1 gate
Open 2 gates
Total 17 gates
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Current Challenges March 2014
Enplanements have
been growing & the
airlines have
responded.
Three new air service
announcements in
2013 alone -
• Cleveland (United)
• Atlanta (Southwest)
• Orlando/Sanford (Allegiant)
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
2,000,000
2009 2010 2011 2012 2013
Five-year Fiscal Year Enplanement Trend
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Current Challenges March 2014
Boarding passenger
trends are expected to
continue upward at an
estimated growth rate of
1.6% per year.
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Current Challenges March 2014
Unlike other similar airports, airlines have been
adding capacity at WRWA
-5.7%
-0.2%
-3.7%
-7.4% -7.5%
-4.8%
-9.3% -7.9%
3.5% 3.9%
-0.3%
-6.0% -7.2%
-4.8% -6.7%
-2.7%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
Year-Over-Year Changes in Scheduled Departing Seats For Like-Size Airports
Source: FAA Rankings and OAG Aviation Worldwide
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Current Challenges March 2014
Potential air service announcements that could impact facilities:
Existing Carriers:
Delta – New York LaGuardia
Allegiant – Las Vegas (with connections to Mexico,) Phoenix
American – New York JFK, Miami
Southwest – New York LaGuardia, Ronald Reagan Washington National
New Carriers:
American/US Airways - Charlotte, New York LaGuardia, Phoenix, and Ronald
Reagan Washington National
New carriers such as Jet Blue, Alaska and Spirit that the airport continually recruits.
Potential for international routes to leisure markets such as Mexico or Caribbean
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Current Challenges March 2014
Without facility expansion, we risk discouraging
future airline growth in the market and ultimately
customer dissatisfaction.
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Current Challenges March 2014
Security Checkpoints Inefficiencies
At certain times of the day there is significant congestion at both
the entry & exit points of the checkpoints infringing on passenger
seating and circulation.
At the entrance, checkpoint queuing conflicts with passenger
circulation in the lobby area competing with meeter/greeters and airline ticket counter queues.
At checkpoint exits, there is not enough recomposure space and
competes with airline passenger seating and gate areas.
TSA has implemented their Pre-Check program; as the program
grows and there is more customer demand, space will prevent adding more lanes.
These inefficiencies diminish passenger throughput,
customer satisfaction, and have a negative impact on future
airline and passenger growth.
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Current Challenges March 2014
As enplanements and capacity have grown, checkpoint
operations has been negatively impacted
1,277 (2012)
931 (2008)
1,109 (2013)
2013 Passenger Flow
2012 Passenger Flow
2008 Passenger Flow
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Current Challenges March 2014
Other Challenges
There is not adequate meeter/greeter space or amenities, greatly
diminishing customer service.
Due to the age of the existing cargo facility, it is not efficient for
today’s cargo operations and impedes any expansion to the
east. This is a barrier to adding new gate capacity.
Airport Operations (Cargo Annex), Concessions Support (Cargo
Building), Military Welcome Center (Cargo Building) and Police
(Terminal Basement) are all in less than ideal locations for their
required functions.
Parking Garage A elevator/escalator vestibule is under-designed
and continually breaks down causing customer complaints and increasing maintenance costs. The escalator width is too narrow for
luggage.
There is not enough office space for tenants and DOA administration.
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Current Challenges March 2014
Barriers to Expansion Must be Eliminated
Prior to Any Gate Expansion
Existing 12,500 SF cargo facility built in 1965 must be
demolished.
Cargo tenants must be relocated.
Triturator, glycol storage and dispensing, and Ground Service Equipment (GSE) fueling need to be relocated.
Utilities – Electric, Gas, Water, Telecommunications, Sanitary and Storm Sewer will need to be relocated or rerouted.
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Proposed Solution March 2014
Existing Site For Terminal Expansion
Existing Cargo Annex (Future Demolition)
Existing Cargo Building (Requires Demolition)
Existing Terminal (Expansion Extends the Terminal East)
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Proposed Solution March 2014
3-Bay Terminal Expansion – Phase 1
3-Bay Expansion
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Proposed Solution March 2014
Existing Security Checkpoints
Existing 3 Lane West Checkpoint
Existing 3 Lane East Checkpoint
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Proposed Solution March 2014
Proposed Centralized Exit with Meeter/Greeter Amenities
Proposed New 8-lane Centralized Security Checkpoint
• 3-bay expansion adds 2-ticket counter positions
• Larger queuing area • Larger customer-friendly recomposure area • Additional seating and greeting area
Single Enlarged Security Checkpoint
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Proposed Solution March 2014
Future 6-Gate Expansion
3-Gate Concourse Expansion with International
Processing Capability - Phase 2
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Proposed Solution March 2014
East Terminal Expansion Complete with 9-Total Gates
Phase 3
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Proposed Solution March 2014
3-Bay Terminal, 3-Gate Concourse with
International Processing
3-Bay
3-Gate
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Proposed Solution March 2014
3-Bay Terminal, 3-Gate Concourse with
International Processing
3-Bay
3-Gate
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Proposed Solution March 2014
3-Bay Terminal, 3-Gate Concourse with International
Processing and 6-Gate Future Concourse Expansion
3-Bay
3-Gate 6-Gate (Future)
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Proposed Solution March 2014
3-Bay Terminal, 3-Gate Concourse with International
Processing and 6-Gate Future Concourse Expansion
3-Bay
3-Gate 6-Gate (Future)
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Proposed Solution March 2014
3-Bay Terminal and 3-Gate Concourse Expansion
6,019 SF
5,901 SF
Level 3 Administration…………………………….
Tenant……………………………………..
Level 1
Bag Storage………………………………
Public Circulation………………………..
Baggage Claim…………………………..
Baggage Make-Up……………………….
Military Welcome Center………………..
Concessions Storage……………………
Airport Operations……………………….
Customs….....................................................
876 SF
5,693 SF
2,950 SF
7,715 SF
1,771 SF
4,397 SF
4,491 SF
15,300 SF
Level 2
Public Circulation Pre-Security………....
Check-In Queue and Counters………....
Airline Ticket Office……………………....
Non-Public Circulation…………………...
Storage……………………………………
MEP……………………………………….
Public Circulation Post-Security………..
Concessions……………………………...
Restrooms………………………………..
Hold Rooms………………………………
2,813 SF
2,813 SF
2,142 SF
881 SF
2,091 SF
6,091 SF
15,120 SF
3,562 SF
1,754 SF
8,814 SF
Level 1
Level 2
Level 3
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Implementation/First Steps March 2014
Cargo Relocation
Options:
Utilize expanded AeroTerm
Utilize existing Cargo Annex (temporary only)
New building
If not addressed, it will prevent Will Rogers World Airport
Terminal from being expanded now or in the future.
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Implementation/First Steps March 2014
AeroTerm Cargo Facility Can expand to accommodate tenants from airport cargo facility
25,000 SF Expansion
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Implementation/First Steps March 2014
Critical Next Steps
Solicitation for A&E
Design
Utilities re-location
Cargo operations
relocation and demolition of facility
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Implementation/First Steps March 2014
Terminal Expansion Schedule
Note: Schedule Assumes Existing Cargo Tenants will be Relocated Into Existing or AeroTerm Space
Select
A/E Design Construction
6-Months 16-Months 24-Months
46-Months
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Implementation/First Steps March 2014
Growth-Related Projects Already In Progress
Checked Baggage Inspection System (CBIS); estimated
completion 4th quarter 2015.
Restriping lines for aircraft parking positions to accommodate
larger aircraft.
Consolidated Rental Car Facility (CONRAC) - construction began December 2013; estimated completion 1st quarter 2015.
Reclaim rental cars spaces for more public parking.
Terminal and Roadway Signage Study.
Tunnel Repairs and Enhancement Project.
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Implementation/First Steps March 2014
The Project Provides Additional Terminal
Improvements/Relocations
Single, enlarged checkpoint
Parking Garage A elevator/escalator vestibule renovation
Upgrade remaining electrical and HVAC systems from
1960’s
Department Command Center (DCC)
Triturator
Glycol storage and dispensing
Ground service equipment fueling
Terminal generator for full service emergency use
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Financial Plan March 2014
Preliminary Project Costs
Project Scope Amount
New Security Checkpoint $2,300,000
3-Bay Terminal Expansion $26,850,000
New 3-Gate Concourse $27,700,000
Demolition of Cargo Building $500,000
Utilities $650,000
Paving $12,200,000
Total $70,200,000
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Financial Plan March 2014
Preliminary Plan of Finance
Project Scope
Total
Amount AIP Grants *
Junior Lien Bonds
(paid with PFCs) *
Junior Lien Bonds
(paid with Airport Revenues)
New Security Checkpoint $2,300,000 $1,610,000 $690,000
3-Bay Terminal Expansion $26,850,000 $18,795,000 $8,055,000
New 3-Gate Concourse $27,700,000 $19,390,000 $8,310,000
Demolition of Cargo
Building
$500,000 $450,000 $50,000
Utilities $650,000 $585,000 $65,000
Paving $12,200,000 $10,980,000 $1,220,000
Total $70,200,000 $12,015,000 $39,795,000 $18,390,000
* AIP-funded projects assume 90% grant funding
* PFC projects assume 70% eligibility
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Financial Plan March 2014
Bond Funding Preliminary Assumptions
Bonds would be issued as Junior Lien Bonds in FY2018
‒ No Senior Lien bonds currently outstanding
Fixed rate 30-year bonds; level annual debt service
‒ Interest only period through FY2022; principal amortization from FY2023-FY2048
‒ Interest capitalized through the completion of the projects
Debt service would be paid with a combination of airport revenues and PFCs
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Financial Plan March 2014
Trust’s Junior Lien Debt Service
(including Thirty First Series Issued in 2013)
$0
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
$18,000,000
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Existing Junior Lien Debt Service
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Financial Plan March 2014
Trust’s Junior Lien Debt Service After
Issuance of Bonds for Terminal Project
$0
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
$18,000,000
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Existing Junior Lien Debt Service Future Junior Lien Bonds
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Financial Plan March 2014
Trust’s Existing and Future Junior Lien Debt Service
Issuance of Bonds for Terminal Project
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Financial Plan March 2014
Debt Service Payable from Airport Revenues
$0
$2,000,000
$4,000,000
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$12,000,000
$14,000,000
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$18,000,000
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Existing Debt Service Future Debt Service
Terminal Expansion Project would generate
additional revenues such as:
• Incremental terminal revenue from leasing additional gate space to airlines
• Additional TSA rental revenue
• Additional concession revenue
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Summary March 2014
Gates are 88% committed.
With continued growth in enplanements and in the community, it
is anticipated that airlines, both current and new entrant, will
expand service in Oklahoma City. Without expansion, we will not
be able to accommodate them.
The security checkpoints do not meet TSA standards and are
constrained in adding more lanes and amenities impacting
screening throughput and customer service.
To accommodate growth, the existing cargo facility must be
demolished and tenants relocated, the triturator, glycol storage and dispensing, and Ground Service Equipment (GSE) fueling
need to be relocated.
Several barriers need to be eliminated before adding a single
gate.
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Summary March 2014
The parking Garage A elevator/escalator vestibule has significant
circulation problems. Moving forward with facilitating more
customer parking amenities in the 2-story garage and improving
the tunnel aesthetically will be hampered.
Several key operations – Police, Operations, Concessions and the Military Welcome Center – are currently located in less that
optimum locations to carry out their vital functions.
Currently there is not enough office and operations space to
currently accommodate DOA administration and several tenants;
continued growth will only constrain efficient operations.
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Summary March 2014
The Airport generates a very diverse stream of revenues.
A portion of the future debt related to the Terminal Expansion
project would be charged to the airlines and be included in their
terminal rental rate.
Remaining portion of future debt would be paid from non-airline revenue sources such as:
‒ Parking revenues
‒ Concession revenues
‒ Rental car concession fees and facility rents
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Summary March 2014
If we begin today, the earliest we would see
completion would be the year 2017.
The airport and Trust need to be
ready to accommodate growth.
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QUESTIONS?
The Case for WRWA Terminal Expansion March 2014
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WILL ROGERS WORLD AIRPORT
TERMINAL EXPANSION