St. Pete-Clearwater International (PIE)

St. Pete-Clearwater Int’l Airport

Enterprise operation supported by our own revenue sources

* No county, state or federal tax dollars subsidize the airport

Only 59 Pinellas County Airport employeesOperates in partnership with TSA, FAA, DOT and private businesses

Lowest airlines rates & charges in Florida

• PIE $1.68 per enplaned passenger compared to TPA $5.14 and SRQ $12.34

PIE - $752.5 million annual economic

impact/ 8,214 jobs to community (FDOT 2014)

Capital Projects primarily funded by FAA, FDOT and TSA Grants, and Passenger

Facility Charges• FY04-14 - $76.6 million in

Capital Projects with only 9.8% direct airport funding

A Department of Pinellas County

Government

AIRPORT REVENUES

• Airport Revenues exceeded Expenses in FY2014 – over $2.08 million “profit”

• Passenger Airline Revenues- For every $2 in direct

airline charges earned, another $8 in indirect charges are earned (concessions, parking, rental cars)

• Reserves- $19 millionRainy Day Fund- $14.7 million

General Aviation8%

Military Aviation9%

Commercial Aviation - Passenger

50%

Commercial Aviation - Cargo

2%

Industrial & Tenant Leases

28%

Operating Grants2%

Interest/Other2%

Airport Revenue Sources - FY2014 Actuals$11,077,409

PIE OPERATIONS

Passenger Airlines

5% Cargo1%

General Aviation82%

Military12%

•3 Runways

•11 Commercial Aircraft Gates

•2 Fixed Base Operators

•4 Flight Training Schools

•Aircraft Maintenance Academy

•273 based aircraft

•Military stations – Army Reserve & US Coast Guard (busiest Coast Guard Air Station in the World),

123,532 annual operations (CY14); largest in General Aviation operations in the West Central Florida Region

PIE IN THE SKYLow Cost & Non-stop!

• Allegiant Air – 43 “Hometown” and Mid-size Cities in Northeast, Midwest & Southeast

-Allegiant provides the most non-stops in Tampa Bay!

-Allegiant is the 8th largest airline in passengers in Tampa Bay

-PIE is the 3rd largest in 100 city route system-Allegiant Travel – 30% of revenue is ancillary

sales such as hotels, rental cars-One of the largest group hotel bookers in

Pinellas County

• Sun Country Airlines/ Beau Rivage Resort & Casino -Gulfport/Biloxi

• Sunwing Airlines Canadian seasonal service to Halifax, Toronto & Ottawa Passengers

2009776,535

2010776,087

2011833,068

2012865,942

20131,017,049

20141,247,987

2015 Projected, 1,600,000

•2015 - 27% YTD increase, June 29%•2014 - 24% increase over 2013

REAL ESTATE– SLICING THE PIE2000 total acres• ½ airfield - 1000 acres• ½ Real Estate “outside of fence”,

including Airport Business Center, restaurants, hotel, Criminal Justice Complex

Airport Ground Leasing History• FAA Guidelines• Long term leases

Overview of Airport Property• 52 ground/building leases• Ground Lease Competitive Bid Process

Redevelopment Opportunity – Airco 127 acres-Buffer area between airport and residential zone-transportation planning elementAviation - 45 acresHotel - 10 acres Light Industrial - 72 acres

97% (312/323 acres) of Airport Property

leased**excludes Airco

How it works?

CIP Plan developed, reviewed, and updated at least twice a year by Airport Exempt team.

Airport operates financially as Pay-as-you-go, so capital planning is principally dependent upon “other people’s money” (OPM).

OPM comes from government grants (FAA, FDOT, & TSA) and Passenger Facility Charges (PFC). Also, Airport Reserves are used as well. How are the Grants determined?

FAA Entitlement Grants –funding allocation based on enplaning passengers at each eligible airport from the prior calendar year.

FAA Discretionary Funds –Based on the national priority ranking of projects, largely safety, security, & airfield projects. Project has to rank high on the list to receive discretionary funding and this type of funding is sole discretion of FAA.

TSA Grant Funds sole discretion of the TSA.

How are the PFC funds determined? Airlines collect a passenger facility charge on each enplaned passenger ticket sold and can only be used to fund CIP projects that have been approved by the FAA (cannot be used for operation of the airport) . Our PFC fee is $4.50.

PFC authorization is submitted to airlines and FAA for approval. The next authorization request is anticipated for July 2017 (current was approved December 2008 for $17.7 million through June 2017).

PIE’s Capital Improvement Planning

CIP Funding

8

CIP Summary Next Five Years (FY 2015 – FY 2019)Federal FAA Funds $38,830,818Federal TSA 2,000,000Florida DOT 5,233,476Airport Passenger Facility Charges 13,160,616Airport Reserves 3,906,702Private Investors (UPS Cargo, T-Hangars) 5,900,000Totals $69,031,612 CIP Summary Next Ten Years (FY 2015 – FY 2024)Federal FAA Funds $52,880,818Federal TSA 2,000,000Florida DOT 7,183,476Airport Passenger Facility Charges 14,110,616Airport Reserves 4,906,702Private Investors(UPS Cargo, T-Hangars) 8,950,000Totals $90,031,612

Summary of Current PFC Projects* Terminal Projects $ 13,039,108 Airfield Projects $ 4,620,967 Audit Sub Totals $ 25,000 PFC Totals $ 17,685,075 *2008-2017

AIRPORT PROJECTSCapital Projects primarily funded by FAA, FDOT and TSA Grants, and Passenger Facility Charges

Project Nearing/Recently completed•Automated Exit lane •New Public Address and Flight Information Display•Terminal Renovation Phase II

Projects in Current Development•Remote Parking lot expansion •Phase 3 Terminal Planning and Design•Roosevelt Blvd. Realignment• Taxiway Rehabilitation• Airfield Drainage projects• Apron Rehabilitation Project

$92.4 million 10 year CIP planned with only 5.4% of CIP funding

projected from Airport Revenues

10Terminal Renovation Phase 2

Expanded chilled water HVAC system and enhanced controls, roofing improvements, and fire alarm upgrades

• Design Completed:• March 2013

• Construction Started:• January 2014

• Construction Completed:• April 2015

• Project Cost:/Funding Source• $5.38 Million/ PFC, FDOT,

Airport Reserves• Impacts: Reduced utility costs,

maintenance

11Terminal Renovations Phase 3

• Design Completion:• August 2015

• Construction Start:• January 2016

• Construction Completion:• April 2017

• Construction Cost/Funding:• $8 Million – PFC

• Impacts: Improve customer service, more capacity for passengers, improved concessions, increase revenue

Focused on Gates 7-10 –expands hold rooms to seat 750 passengers, renovate restrooms, expand passenger screening checkpoint, add concession space for restaurant and retail concessions

12

Public Address & Flight Information Display Systems

• Design Completed:• March 2013

• Construction Started:• June 2014

• Construction Completed:• February 2015

• Construction Cost/Source:• $757,630/FDOT, PFC

• Impacts: Improved Customer Service, Efficient automated updating of FIDS/BIDS, ADA compliance

New system and monitors installed for automated flight and baggage information; new public address system with ambient noise detection and visual paging.

13Automated Exit Lane Control System

• Construction Started:• June 2014

• Construction Completion:• August 2015

• Construction Cost/Funding:• $417,417 - FDOT, Airport Reserves

• Impacts: Savings -No staffing neededby airline employees at exit lane

14

Taxiway Rehabilitation Phase 1

• Design Completed:• February 2014

• Construction Started:• October 2014

• Construction Completion:• January 2016

• Construction Cost/Funding:• $17 Million - FAA,FDOT,PFC

• Impacts: Increase airfield safety, improve capacity

15Taxiway Rehabilitation Phase 2

• Design Completed:• February 2015

• Construction Start:• October 2016

• Construction Completion:• January 2017

• Construction Cost/Funding:• $7.2 Million - FAA, FDOT

• Impacts: Increase airfield safety, improve capacity

16Stormwater Management Improvements

• Design Complete:• Completed

• Construction Start:• January 2015

• Construction Completion:• September2015

• Project Cost/Funding: • $1 Million/PFC

• Impacts: Improved airfield drainage

17Apron Hardstand Phase 2

• Design Completed:• February 2015

• Construction Start:• September 2015

• Construction Completion:• March 2016

• Project Cost/Funding: • $6.7M - FAA, FDOT, PFC

($4.5M discretionary)• Impacts: Improved capacity

18Remote Parking Lot Expansion

• Design Complete:• January 2015

• Construction Started:• May 2015

• Construction Completion:• October 2015

• Project Cost:/Funding Source• $1.9 million/ FDOT, Airport Reserves

• Impacts:• Increased parking capacity• Accommodates plans for Gateway

Express Project

RAC

Pond

Pond

Existing Remote

Expansion

FDOT Gateway Express Project

19

CLICK TO PLAY

Beginning in FY17-FY20 Automated/Inline Baggage Handling System - $8.4 million Master Plan Update - $1.5 million New Airport Maintenance Building - $1.5 million New GA Taxiways (Airco) - $4.2 million Runway 18-36 Pavement Rehabilitation - $6 million Parking Garage - $10 million New T-Hangars - $7 million New GA Ramps (Airco) - $1.7 million Runway 9-27 Conversion to Taxiway E - $5.4 million

20

Thank You!