Financing Corridor and Gateway Development

gateway.corridor.com

Financing Corridor and Gateway Development

Financing Corridor

and Gateway

Development

Robert Harrison


TxDOT Study 0-40830

1. Literature review US and

Europe

2. Definitions

3. For DOT planning, suggested

a life cycle for inland ports


Inland Ports – Freight Hubs

1. Wide range of definitions

2. Long development period

3. Air is the last mode to have

a dedicated freight facility


• Kelly USA, San Antonio, Texas

• Alliance, Fort Worth, Texas

• Chase Field, Beeville, Texas

• Global Transpark, North Carolina

• Greater Columbus Inland Port, Ohio

• International Trade Processing Ctr., Kansas City, Missouri

• March GlobalPort, Riverside, California

• Port of Huntsville, Alabama

• Port of Battle Creek, Michigan

• Port Inland Distribution Network, New York

• Virginia Inland Port, Front Royal, Virginia

• Logport, Duisburg, Germany

• Europort Vatry, France

• Metroport, New Zealand

• ADNPlus Industrial Multiport, Monterrey, Mexico


Inland Port Development Lifecycle


• Alliance, Fort Worth provides a

wealth of information on the

economic impacts associated

with a large inland port.


DFW

Airport

15 min.

SH 114

FW CBD

20 min.

17,000 acres, master-planned


2005

24.4 million SF developed

$5 billion invested

140+ corporate residents

7,900 new homes w/in last year

Unprecedented Growth


99,000 SF Available

Corporate Growth


Corporate Growth

99,000 SF Available


$3,500,000,000

2004 Alliance Economic Impact = $2.97 Billion

$3,000,000,000

$2,500,000,000

$2,000,000,000

$1,500,000,000

$1,000,000,000

$500,000,000

$0

1990 1992 1994 1996 1998 2000 2002 2004

Economic Impact to North Texas


Gateway 27

108,261 SF

Available

Alliance

Gateway 58

100,667 SF

available

Corporate Growth


SH 170

Lone Star Crossing


Economic Impact

Capital Investment

Private

Public

Property Taxes

1990-2004

Square footage developed

1990-2004

Jobs

1990-September 2005

$2.97 billion

$5.5 billion

$0.3 billion

$384 million

$24 million

24,000


APM Norfolk Terminal

• 95% of all trucks will be serviced within 11 minutes


Heartland Corridor Route

•Next Day Service to Columbus

•Reduce Transit to Chicago by 1 Day

•Will Shave Approx. 225 Route Miles Off

Each Container Move to Chicago

•Greater Efficiencies

•High Speed Double Stack

Current DS Route

Secondary DS Route

Current Single Stack Route

Port-Heartland High Speed

Doublestack Corridor


Why Airport Base

Conversions

1. Revenue from users

2. Tax base

3. Employment


Air Cargo Growing

1. Global trade

2. Dynamic manufacturing (JIT)

3. Distribution

4. New markets


Facilities

1. Passenger

2. Passenger plus cargo

3. Cargo


•New New airports, particularly

cargo airports have been rare

and rather risky.


•Airports are managed

competently and often

aggressively, so a business

plan and a core group of

users/tenants is critical for a

newcomer.


AllianceCalifonia

• Former Norton Air Force Base, San

Bernardino

• 2000 acre site

• Hillwood is the Master developer

• Local Agency Military Base Recovery

Area (LABRA) designation

• State/County/City job training funding

programs


•Most Most base conversions are

either passenger plus cargo

(Austin-Bergstrom) or

cargo.


Risks Associated with:

1. Large upfront costs

2. Build to lease

3. Marketing

4. Anchor tenants

5. Business or Master Plan


Summary

• Measuring economic impacts is relatively

easy

• Location of base conversion critical

• Cargo seen as a critical component of most

base conversions

• Dedicated cargo requires careful planning,

in-place place financing, marketing, and on-call

management of the site


Center for

Transportation

Research

3208 Red River

Austin, TX 78705

(512) 232-3100

www.utexas.edu/research/ctr

More magazines by this user
Similar magazines