Tag Archives: tucson airport authority

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CBRE to market land for Tucson Airport Authority

CBRE has been awarded the marketing and leasing assignment for the Tucson Airport Authority (TAA) airport system. Comprised of Tucson International Airport and Ryan Airfield, CBRE will oversee the marketing of the airport system’s ±10,147 acres of commercial development land.

“This is an exciting opportunity and we look forward to working with the Tucson Airport Authority to market its landholdings,” said Ike Isaacson, managing director of CBRE’s Tucson office. “The Airport Authority offers unique opportunities at Tucson International Airport and Ryan Airfield, each with large tracts of commercially developable land and the opportunity for direct runway access. Our goal is to continue to market the property as a premier economic-generator for the region.”

“The Airport Authority’s mission is to promote aviation and foster economic development in our region,” said TAA President and CEO Bonnie Allin. “We are continually looking for ways in which we can strategically plan, develop and operate the most efficient airport system possible while also growing Tucson’s economic footprint. By partnering with CBRE, we now have the benefit of real estate services and expertise that will drive those efforts and pursue opportunities.”

A collaborative team of brokerage professionals with CBRE’s Tucson office, including Bill Di Vito, Tim Healy, Robert DeLaney, Jesse Blum and Ian Stuart will handle the marketing and leasing of the property for TAA. .

As CBRE and TAA work together to attract new users to the area, the marketing team will look to capitalize on advantages like the region’s weather, unobstructed airspace, direct airfield access and TAA’s excellent inter-modal potential. The Tucson region already benefits from the presence of major aviation companies like Raytheon, Bombardier and Ascent, making a strong case for future users recognizing all the region has to offer and establishing operations in greater-Tucson.

 

In addition to regional and property advantages, TAA benefits from CBRE’s global airport experience. CBRE has a proven track record of working with airports and airport systems to cultivate successful development projects, and currently has eight active assignments domestically and several others in foreign markets. By leveraging the company’s various service lines, including the Aerospace & Defense Contractor Group, Labor Analytics Group, Economic Incentives Group, Global Corporate Services and more, potential users will benefit from a service that is specifically tailored to ensure they meet their real estate objectives.

“Ultimately, our goals center around building a sustainable business ecosystem,” said Isaacson. “By leveraging the company’s many service lines and extensive client network, we’ll be able to ensure that the users looking to locate in our market and the existing business community are equally well-served, guaranteeing long-term economic success for the region.”

Tucson International Airport is a full commercial service airport serving the Tucson metropolitan area, southern Arizona, and northern Sonora, Mexico, while Ryan Airfield serves as a general aviation reliever airport. Ryan Airfield is also a popular recreation field for transient pilots. Tucson International TIA encompasses ±8,343 acres and is located eight miles south of Tucson’s central business district. There are 130 separate buildings on the airport complex that provide nearly 2.5 million square feet of space. Ryan Airfield, located 12 miles southwest of downtown Tucson, covers ±1,804 acres and accommodates a wide variety of general aviation activity.

TAA has a long term agreement with the City of Tucson to operate and manage both airfields. TAA does not receive any local tax dollars and operations are funded through airport generated revenues from parking, space rentals, land leases, airline fees, and concessions. Capital improvements such as runway and terminal construction are funded primarily through state and federal grants, as well as airport user fees.

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Tucson Airport Authority Hires Director Of Operations

Danette Bewley recently joined Tucson Airport Authority (TAA) as director of operations.

“I entered the aviation industry at birth,” said Bewley, whose father was a Navy fighter pilot and commercial airline pilot for more than 35 years.

A private pilot herself, Bewley’s 23-year airport management career has taken her around the nation. She recently served as assistant director of airport economic development for the Reno-Tahoe Airport Authority. Bewley previously held the director position at Jacksonville International Airport and worked at San Diego International Airport in several capacities over a 14-year period.

Bewley has earned Accredited Airport Executive (AAE) designation from the American Association of Airport Executives (AAAE) and has been a member of AAAE’s board or directors and board of examiners. Bewley holds a bachelor’s degree and two master’s degrees from National University in San Diego.

In the newly created director of operations position, Bewley’s role is to ensure compliance with federal regulations and maintain emergency preparedness at both Tucson International Airport and Ryan Airfield through oversight of airfield safety and communications dispatch efforts.

“This is an incredible opportunity to work for an airport authority that is respected worldwide for its exceptional leadership and contributions to the aviation industry,” Bewley said.

For more information on the Tucson Airport Authority, visit the Tucson Airport Authority’s website at flytucsonairport.com.

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Study Puts Tucson Airport’s Economic Impact At $3.2 Billion

A new study shows Tucson International Airport (TIA) brings an annual economic impact of more than $3.2 billion to the region.

The study was commissioned by the Tucson Airport Authority (TAA) and conducted by MBA students from the Eller College of Management at the University of Arizona. It has been more than 10 years since TAA conducted such an analysis.

“These updated findings provide an accurate and current picture of the job creation and economic activity brought about by TAA’s ongoing operations, significant infrastructure investments and partnerships with more than 100 tenants. We take great pride in helping to improve the economic vitality and quality of life in southern Arizona,” said TAA President/CEO Bonnie Allin.

The airport’s direct, indirect and induced economic effects are included in the total. Direct impact is generated as a result of employment and operation of the airport and tenant businesses. The Eller MBA consulting team calculated a total annual direct impact of $1.7 billion stemming from payroll, goods and services purchased by the airport and airport businesses, expenditures on capital improvement projects and payment of local taxes from airport activity.

The remainder of the $3.2 billion total is attributed to indirect and induced impact.

Indirect impact includes money spent at the airport and in the community by airport patrons, plus revenue generated by businesses that chose to locate in the region because the airport is integral to their operations.

Induced impact, also known as the multiplier effect, is based on an economic principle that quantifies how revenue generated by airport activities grows as it cycles through the community. For example, when TAA hires a local construction company for a project, the company hires additional employees, who increase demand for goods and services in the region through spending their salaries. The businesses they patronize hire additional workers, and the process repeats.

Similarly, 13,000 workers are directly employed at TIA. Indirect and induced effects of airport employment bring the total to 35,000 local jobs supported as a result of the airport’s presence in the community.

The UA graduate students are part of the Eller MBA’s experiential learning program, which allows the students to participate in a strategic consulting project. TAA is one of the College’s 12 clients this year, including Raytheon, Microsoft and Intuit, said Eller College of Management Director for Experiential Learning Nannon Roosa.

“This program is the cornerstone of our MBA’s first year,” Roosa said. “Projects like these challenge students to apply core business skills to address a real-world business issue.

“Eller’s innovative curriculum, combined with pioneering research, distinguished faculty, excellence in entrepreneurship and social responsibility, has brought international recognition to the program,” she added.

The report helps to demonstrate the importance of TIA to a strong local economy, which is useful in regional business recruitment and retention efforts, as well as air service development initiatives. TAA will share the findings from this study for inclusion in an Arizona Department of Transportation (ADOT) study that will quantify the statewide impact of aviation, as well as other economic development groups such as TREO, the Arizona Commerce Authority, local chambers and the Metropolitan Tucson Convention & Visitors Bureau.

For more information on the Tucson International Airport, visit their website at flytucsonairport.com.