San Bernardino International Airport Authority (SBIAA)SWOT Analysis 5 •Reliance on IVDA Funding...
Transcript of San Bernardino International Airport Authority (SBIAA)SWOT Analysis 5 •Reliance on IVDA Funding...
San Bernardino
International Airport
Authority (SBIAA)
Report on Properties
April 27, 2016
Airport Layout Plan (ALP)
2
Luxivair
SBD
Near-Term ResourcesAirport Revenues
Sources of Funds:
1) Rialto Airport Proceeds – Pursuant to Federal Closure Requirements (Capital Projects)
2) IVDA Intergovernmental Funds – Pursuant to Federal LRA Requirements (Public Law 100-526)
3) Lease Revenues – Pursuant to Federal Property Transfers
4) Luxivair SBD Business Activity – Sale of Fuel, Goods, and Services
5) Grant Funds – Predominantly U.S. Department of Transportation, FAA
6) Operating Fees – Licenses, Permits, Fees, and Charges (Filming)
7) U.S. Customs – Need to Leverage Staff and Equipment Capabilities; Expand services
3
Market Opportunities
4
Air Cargo
Maintenance, Repair &
Overhaul (MRO)
Public Safety &
General AviationAir Passenger
Service
SBD Performance Metrics:
Airport Operations
Lease Revenues
Landing Fees & Airport Charges
Airport Business/Tenancy
Airport Growth is constrained by its
Physical Capacity.
SWOT Analysis
5
• Reliance on IVDA Funding for Operations
• Concentration of lease revenues (Stater Bros./ Unical)
• Limited Property for Expansion
• Ever-changing regulatory environment
• Aging off-site InfrastructureWeakness
• Competition
• Environmental Regulation
• Limited Funding Sources
• Difficult business and regulatory
environment (State of CA)Threats
• Updated and Refurbished Airport Infrastructure
• Very little Debt
• Intergovernmental Partnerships and Funding
• Community Support for Airport Activity
• Strong MRO tenant base
• Uncongested airspace and developable land
• New Marketing Programs and Initiatives
Strengths
• Emerging revenues from new general aviation area
• Growth in fuel sales/services via steady increases in aircraft activity
• Growth in revenue through greater property utilization-US Customs
• Facilities available for air cargo and commercial operations
• 60+ acres of developable land for box hangars and air cargo expansion
Opportunities
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Non-Aeronautical Tenants
USFS
USFS
SMBMI
SMBMI
SMBMI
Matich
Stater
Bros.
3rd Street
5th Street
Tipp
ecano
e Ave.
Mill Street
Central Ave.
Alab
ama A
ve.
Facility SQ FT/ Acreage Annual Revenue
B. 56 (Vascor, Ltd) 19,147 $114,882 (6 months)
B. 302 (County Fire) 1.75 acres $100,368
B. 610 (Guang Lin Cafe) 3,456 $12,520.80
B. 680 (Fire Station/Mercy Air) 10,000 $12,273.60
JRETS West (Kelly Space) 73,182 $108,792
Parcel B1C- JRETS East 9 acres $56,006.16
JRETS
West.
56
680
56
302
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Interim Parking Uses
USFS
USFS
SMBMI
SMBMI
SMBMI
Matich
3rd Street
5th Street
Tipp
ecano
e Ave.
Mill Street
Central Ave.
Alab
ama A
ve.
Facility Acreage Annual Revenue
Landfill Parcel (mult. users) 20 acres $455,547.12
Durham 4.87 acres $108,156.00
Vascor Ltd (vacant land) 16.9 acres $198,764.28 (6
months)
Vascor Ltd (parking Lots) 7 acres $138,088.80 (6
months)
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General Fund Revenue Sources
2015-16
Operating Revenues, $577,090
Intergovemental Revenue, $5,500,000
Transfers from Property Management Fund, $630,000
Interest, $40,000
IVDA
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Adopted Budget
2015-16
Equipment Rental, $130,000
Transfers from Property Management, $500,000
Lease Revenue, $352,700
Fuel Sales, $2,500,000
FBO Services, $500,000
Sources