valuing airport facilities bill ingraham. you are successful if: $in = or >$out
TRANSCRIPT
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Valuing Airport Facilities
Bill Ingraham
![Page 2: Valuing Airport Facilities Bill Ingraham. YOU ARE SUCCESSFUL IF: $in = or >$out](https://reader036.vdocuments.net/reader036/viewer/2022062304/56649e435503460f94b35db8/html5/thumbnails/2.jpg)
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YOU ARE SUCCESSFUL IF:
$in = or >$out
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Rate Setting Methods
• Bids or Proposals
• Cost Recovery
• Rental Rate Survey
• Return on Facility Valuation
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Valuing Facilities (Appraisal)
• Sales Comparison
• Income Capitalization
• Cost Summation
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How to Determine Term
• Set term for all similar leases
• Sufficient term to amortize investment
• How often have you heard…
“But that is not long enough to recover my investment!”
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One Method
• Given a cost to develop facilities ($)• Given a rental value for equivalent facilities ($)• Given a return on investment (ROI)• Given an inflation assumption (CPI)
You can find a length of time where investment in developing facilities equals prepayment of rental on similar facilities
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Detailed Estimate of Off-Site Costs
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Detailed Estimate of On-Site Costs
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Detailed Estimate of Indirect Costs
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Summary of Development Costs
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Valuing Airport Facilities
Bill Ingraham