How does this impact Texas? Austin Bergstrom is in on the trend with a proposed 30 acre lease to Highstar Capital
Is the U.S. behdin the global trend of private investment in airports? Yes, P3s are slowly taking off for US airports, while globally 40% of the top 100 international airports have private sector involvement
What do investors look for in P3 airport deals?
- “vibrant regional economic environment”
- growing population and employment base
- large and stable amount of “origin and destination” traffic
What public benefits are there for P3 airports?
- savings for airlines
- generate upfront and periodic payments revenue
- “greater commercial discipline via a comprehensive business plan and global relationships”
- transfer risk away from the local government and to the private sector
Governing | Cleared for Takeoff: Airports and the P3 Opportunity