Table Of Contents - Chicago Transit Authority
Table Of Contents - Chicago Transit Authority
Table Of Contents - Chicago Transit Authority
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2.4.2 CTA<br />
CTA Express Airport Train Service Business Plan<br />
The airport service is a premium service targeted at a specific market of customers. It is an extension of<br />
CTA’s core mission to support mobility. The project helps CTA provide additional customer choices and<br />
new services without necessarily increasing operating subsidies. By attracting new customers to transit<br />
services CTA could also benefit from additional local service trips and revenues from its airport train<br />
customers. The service leverages existing CTA resources and assets and can potentially create new<br />
revenue streams or offset costs carried by local services. The airport service can enhance CTA’s role in<br />
the community and its image of innovation and leadership, adding to its brand equity.<br />
2.4.3 Other Stakeholders<br />
A range of other stakeholders stand to benefit from the project. <strong>Table</strong> 3 identifies key stakeholders and<br />
potential benefits.<br />
<strong>Table</strong> 3: Stakeholder Benefits<br />
Stakeholder Potential Benefits<br />
Downtown Property Owners Opportunities to market direct connection to airports.<br />
Hotel and Tourism Industry More options for travelers.<br />
Downtown Businesses Direct, reliable, fast connections to both airports.<br />
Residents Time and cost savings for air travel.<br />
Airport Employees Additional commuting option.<br />
Airports<br />
Airlines<br />
Highway Travelers<br />
2.5 BUSINESS MODEL<br />
Additional groundside transportation capacity.<br />
Additional access to the Airport.<br />
Joint marketing opportunities.<br />
More frequent, reliable flight crew transport.<br />
Reduced travel congestion due to airport traveler use of<br />
the train.<br />
The overall airport service business model should be pursued by a concession agreement with the private<br />
sector that allows CTA to deliver a differentiated service without overextending its resources. Demand<br />
for convenient and reliable transportation between <strong>Chicago</strong>’s downtown and its two airports, coupled with<br />
market-based pricing, allows CTA to capture a portion of the value created from enhanced services.<br />
Properly executing this business model requires the following key elements:<br />
• A quick start-up to take advantage of investment in the downtown station and to grow market<br />
awareness.<br />
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