comprehensive annual financial report - Orlando International Airport

Walt Disney World draws people back with new attractions such as American Idol in Hollywood Studios and Characters in Flight at
Downtown Disney; Universal opened Hollywood Rip Ride Rockit roller coaster in Universal Studios; The Wizarding World of Harry Potter
is scheduled to open in the Spring of 2010 in Islands of Adventure; and Sea World opened Manta, a new roller coaster attraction. The
CVB continues to work hard keeping momentum going during the current economic slow down with two campaigns aimed at keeping
people interested in the Orlando area. “Orlando Makes Me Smile” targets tourists both domestically and internationally, and “Orlando:
Where Creative Minds Meet” focuses on meeting and convention business groups. Many major hotel chains in Orlando announced large
resort, convention, or condo hotels that are scheduled to open in the next few years. Norwegian Cruise Line announced it will homeport
Norwegian Sun at Port Canaveral starting in October 2010. An 800,000 square foot Events Center will open in the fall of 2010 in
downtown Orlando.
Major Initiatives
The last phase of the in-line baggage screening system, which allows the Authority to comply with security standards set forth by the
Transportation Security Administration (TSA), is scheduled to be completed in fiscal year 2010. The system is primarily funded by federal
and state grants, bonds, and passenger facilities charges.
Airside terminals 1 and 3 are the Airport’s two oldest terminal facilities. The Airside 1 and 3 Rehabilitation program includes various
improvements to building infrastructure and to bring the level of finish in those two airsides to the same level as in Airsides 2 and 4. While
the rehabilitation of Airside 3 was substantially completed in the spring of 2009, Airside 1 will be substantially completed in the fiscal year
2010. These projects are funded by federal and state grants, passenger facilities charges, and other Authority funds.
The North Terminal Capacity program was approved by the Authority’s Board during fiscal year 2008. This program will provide
enhancements to the Landside baggage system, ticket lobby improvements in the Landside terminal, and certain parking, rental car, and
roadway improvements. Most of these projects are capacity driven and have been deferred with the exception of the baggage system and
rental car project. Design of the bag claim system rehabilitation was completed during fiscal year 2009 with construction anticipated to
begin during fiscal year 2010 with an expected completion of September 2011.
The Rent-A-Car Quick Turn Around and support facilities are under construction and should be completed in the spring of 2010. This
project is funded with Customer Facility Charges (CFCs). Other components of the rental car company (RAC) projects will be completed
once funding is available.
The Authority is also moving to revamp certain components of the airfield in 2010 including Taxiway C Rehabilitation and Taxiways Y and
Z Rehabilitation. Other airfield improvements include the Airfield Rehabilitation Program which entails rehabilitating areas throughout the
airfield system identified as needing certain improvements from the Authority’s latest airfield pavement rehabilitation study. The Airfield
Rehabilitation Program is a multi-year program starting in 2010. Taxiways C, Y and Z projects have received American Recovery and
Reinvestment Act of 2009 (ARRA) funding.
Currently, the Authority is seeking federal and state funding for airfield improvements for Orlando Executive Airport, including taxiway
modifications, ramp rehabilitation, construction of North Hanger Road, and the rehabilitation of the north canal drainage structure.
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