2001 Annual Report - Edmonton International Airport

Our 2001 Economic Impact Study showed thatEdmonton International Airport supports 3,500direct jobs on site. In addition, including direct,indirect, and induced impacts, EdmontonInternational Airport:• generates $313 million in wages• contributes $427 million in GDP• generates $1,003 millionin economic outputThe Air Terminal Redevelopment Project also has asignificant effect on the local economy. Over the lastfour years, the expansion project has resulted inover 750 FTEs. Direct construction wages total $45million to date.Prime Real Estate — Land DevelopmentIn 2001, Edmonton International Airport continued togenerate interest in commercial use of lands aroundthe airport. Implementation of our AirLINKS BusinessPark land use development concept began with afocus on economic stimulation for the region tocomplement existing businesses. The business parkwill be a premiere, prestige commercial and industrialcentre, giving developers and businesses access tomore than 445 hectares of developable land.AirLINKS’ architecturally controlled developmentplan includes a number of sites with direct airsideaccess and is divided into several zones dedicatedto specific land uses:• Prestige: Tenants will include corporateoffices and research and developmentcompanies.• Light industrial: Tenants will includebusinesses involved in diverse activitiessuch as manufacturing, distribution, theservice sector, warehousing and storage.• Cargo: Tenants will include integrators,freight forwarders and customs brokers.• Office: AirLINKS’ planned office campus willconsist of a number of office buildings.• Retail: Potential tenants are automobileservice stations, convenience storesand other retail outlets.AirLINKS Business Park will offer a healthy workenvironment including an 18-hole championship golfcourse and jogging trails.Three significant industry leaders, FedEx, WestJetand RedTail Landing Golf Club emerged as tenants inthe new AirLINKS Business Park.FedEx Cargo Handling FacilityIn July, Edmonton Airports announced that FederalExpress Canada would begin construction of a3,300 square metre cargo handling facility at the15 hectare AirLINKS Cargo Park. FedEx was the firstcargo carrier to expand into AirLINKS Cargo Park,which can accommodate another four similarly sizedterminal developments. The new FedEx facility tripledthe size of the company’s airport presence andbecame operational in December.ECONOMIC IMPACT SUMMARY OF ATR PROJECT PHASES 1, 2, AND 3Type FTEs Wages GDP Economic OutputDirect 747 $ 45M $ 50M $ 125MIndirect 315 $ 22M $ 31M $ 66MInduced 361 $ 22M $ 28M $ 58MTotal 1,423 $ 89M $ 109M $ 249MFTEs = full-time equivalents9