Airport Master Plan 2012 - City of Waterville
Airport Master Plan 2012 - City of Waterville
Airport Master Plan 2012 - City of Waterville
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Table 8.5<br />
Comparative <strong>Airport</strong> Rates and Charges<br />
<strong>Airport</strong> Tie-Down Hangar Storage<br />
<strong>Waterville</strong> Lafluer <strong>Airport</strong><br />
Central Maine <strong>Airport</strong> <strong>of</strong><br />
Norridgewock<br />
Augusta State<br />
Pittsfield Municipal<br />
$30/Mth<br />
$47/Mth<br />
$35/Mth<br />
Based on A/C<br />
dimensions<br />
$130 Summer Minimum<br />
$150 Winter Minimum<br />
$237/Mth older Hgr<br />
$355/Mth Newer Hgr<br />
SE $150/Mth<br />
ME- $175/Mth<br />
Belfast Municipal $60/Mth N/A<br />
Dexter Regional<br />
$47/Mth<br />
Knox County Regional $47/Mth<br />
Auburn/Lewiston Municipal<br />
$45 Mth w/electric or<br />
$30 w/o electric<br />
Varies by lease<br />
Bangor International $33/Mth $250.00<br />
Source: The Louis Berger Group (September 2011) N/A – Not Available<br />
Ground<br />
Lease<br />
$0.10/SF<br />
$0.07/SF<br />
Ramp<br />
Fee<br />
$50-100<br />
Landing<br />
Fee<br />
Waived<br />
with Fuel<br />
Purchase<br />
Based on<br />
Weight<br />
As shown in Table 8.5, Compared to other market area airports, <strong>Waterville</strong> <strong>Airport</strong> is quite competitive<br />
with regard to rates and charges. However, as opposed to using a formula that calculates hangar storage<br />
fees based on aircraft dimensions, the <strong>Airport</strong> may want to consider a simpler structure based on 3<br />
categories: single and multi-engine piston driven aircraft and jet aircraft based on type.<br />
Further, the <strong>Airport</strong> should consider raising its rates and charges. A 20% increase across the board would<br />
still place the <strong>Airport</strong> in the low end <strong>of</strong> the comparable airports in the table above. And, assuming these<br />
charges make up approximately 25% <strong>of</strong> total FBO revenue (25% <strong>of</strong> $230,000) the increase could generate<br />
up to $11,500 in additional revenue annually. (25% <strong>of</strong> $230,000=$57,500; a 20% increase on<br />
$57,500=$11,500).<br />
The <strong>City</strong> <strong>of</strong> <strong>Waterville</strong> Maine<br />
Implementation and Financial <strong>Plan</strong> – Page 8-8<br />
<strong>Airport</strong> Solutions Group, LLC & The Louis Berger Group, Inc. December 2011
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