Guidebook for Evaluating Terminal Renewal Versus Replacement Options

Description

This guidebook for airport professionals, policy makers, and industry professionals provides a step-by-step process for conducting a business-driven evaluation of competing options to renew or replace airport terminal facilities. Some of the contributing factors of these decision-making tools include life-cycle cost, airside/landside or terminal capacity in relation to passenger demand, facilities obsolescence and condition, development risk, development schedule, changes in regulatory requirements, airline needs, operational constraints, tenant make-up, and airport business model. The process is repeatable and scalable to airports of different sizes. Furthermore, the guidebook is intended to assist airports in identifying the need for terminal redevelopment and selecting among competing options for renewing versus replacing existing terminal facilities. The guidebook promotes a sequential four-step process wherein the need for terminal redevelopment is determined, options are developed, evaluations are performed, and recommendations are documented.

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