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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 />

14

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