It’s about 400 pages long with an outline on construction projects and a tentative financial plan. The projects are expected to cost about $200 million.
Executive Director Scott Van Laningham said projects include a new airport access road, a parking deck and the growth of the car rental operations.
The money for most of the projects will come from what XNA generates on a regular basis with the exception of the big projects, Laningham said.
“There will be a special source of revenue for the parking deck, but folks are willing to pay more for covered parking,” Laningham said. “So you build that into the financing plan.”
“Then the access road we’ll probably going to have to come up with some sort of an access fee or we’ve always reserved the right to do that as a toll road but some way to generate additional revenue to cover the airport’s portion of that project,” he said.
The master plan creates a road map for the airport.
“Believe me one of our top priorities is recruiting additional airlines and low cost carriers,” Laningham said. “What this document helps us do is make sure we’ve got the facilities that they can operate and we do right now.”
“But we need to make sure as we continue to add new operations, we have the ability to meet their requirements as well,” he said.
Laningham said there was a committee that helped with the master plan. It was comprised of representatives from car rental, airlines and airport tenants. They also hired a consulting team.