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041116 ACI Prezi

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Lisa Bierman

on 5 July 2016

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Transcript of 041116 ACI Prezi

Marsha Stone
Senior Director – Commercial Enterprise
Email: mstone@ind.com
Phone: (317) 487-5081

2016 Airport Board and Commisioners Conference

Leveraging Airport Real Estate
IND's Economic Impact
IND is a job-creating economic engine beyond the airport
$4.5 Billion
total annual economic impact

area jobs tied to the airport

$1.4 Billion
annual payroll injected into the local economy

7.9 Million
passengers served yearly

1.1 Million
tons of air cargo handled yearly

total aircraft operations yearly

local tax dollars used to fund IND operations
Land Use Strategy
Putting land back into productive use is a top priority for the Indianapolis Airport Authority.

Under this initiative, significant acreage will be returned to the tax rolls of communities surrounding the airport.

Available leasing and sale opportunities of non-aviation land for economic development and job creation will benefit the local economy.
IND Land Map
Over 3,200 acres available for productive and recreational use
IND Aerovision
The Indianapolis Airport Authority has been working to develop a collaborative, regional approach to airport-area development through partnership with the following local governmental entities:
City of Indianapolis
Indianapolis City County Council
Town of Plainfield
Town of Avon
Town of Mooresville
Decatur Township
Wayne Township
Morgan County
Hendricks County
Our Vision
• IND is owned and managed by the Indianapolis
Airport Authority

• Voted #1 airport in North America 5 times -ASQ

• IND-medium hub airport; with 3.9M enplanements

• Second largest FedEx Cargo hub in the world; 8th
largest US cargo airport

• Vision of airport and city leaders began in 1970’s;
supporting land acquisition to facilitate growth
• IAA Noise mitigation program: 1987-2013 with
more than $200 million invested

• Environmental Mitigation & Remediation
program began in early 1990’s with more than
$23 million invested

• Excess noise and conservation land has been
identified which can now be returned to
compatible use
IND Solar Farms
Open House
More than 100 brokers, developers and community leaders came out to the airport in support of our land use initiative to learn more about the land for sale and lease.

3 phases; started 2011
183 acres
Ground Lease
Largest airport solar complex
IND named one of America's greenest airports in 2014
IAA Land Use Initiative
Q4 Q1 Q2 Q4 Q1
• IAA Board
Land Use
• Key Public

• Broker & Developer
Open House

• RFQ for Broker
• RFP for
• Live
333 acres sold
Land for Non-Aviation
• Opportunities to lease IAA land
• Will require FAA land release
• Transfer management to local parks association
• Goal to divest land for compatible use
Conservation Land
Approx. 2,000 acres
Live Auction
Land Auction
+/- 320 acres
Key Issues
• Sales price of land at auction was subject to a
minimum bid based on the average of two appraisals
obtained independently in fall 2015.

Disposition of land acquired with FAA funds
required that those funds be reinvested in eligible capital projects at the airport.

333 Acres sold at auction for approximately $3M
545 acres
Development Agreement signed with Holladay Properties
Holladay Properties was selected to master plan approximately 266 acres:
Development agreement was approved by the Board in February
Survey work is under way
Marketing and branding of the entire property is also in progress
FAA Land Release Process - Ongoing
Conduct surveys & appraisals
Identify obligating agreements between IAA & FAA
1 Month
Bundle & ship to local FAA for Review
45 Day Review
Publish in Federal Registry
45 Day Review
Phase I preliminary land release
land release
Broker Selected
Parcel 7
Next Steps
Conduct listening sessions
Create board Real Estate Committee:
Review proposed transactions
Make board recommendations
Provide advice and guidance
A draft letter of intent was negotiated between IAA & The Athletes Business Network (ABN)
Airport Board elected to cancel the RFP process for Parcel 7
Airport remains fully committed to placing the 128 acres of Parcel 7 back into productive use
128 Acres
• Live
333 Acres Sold
Signed w/
Holladay Properties

2000+ Acres of Conservation Land
To be Sold
MOU in Place w/ Town of Plainfield
MOU in Place w/ Hendricks County Parks
Evaluation of remaining parcels available is ongoing
333 Acres Sold at Auction
2095 Acres of ConservationLand
378 Acres Sold/Pending/Listed
266 Acres Under a Development Agreement
128 Acres Under Review
IAA Successes!
28 acres
28 acres
Full transcript