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DBIA ground
leases a significant source of airport income
Although many people may not
realize it, the new Courtyard by Marriott Hotel is among the many tenants
at Daytona Beach International Airport. The lease of Airport land for a
wide variety of businesses is a substantial revenue source for the
county-owned airport.
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The Cancun Lagoon (formerly Rio
Bravo) and Olive Garden restaurants, the Hilton Garden Inn, Hampton Inn
and the rental car companies all have long-term leases with DBIA.
Over the past several years,
non-aviation land use and revenues have been on the rise. The county
is courting a number of prospective new tenants, including a fourth
airport hotel. Other new uses include a recreational vehicle park between
the entrance and exit road on Midway Avenue and a planned office
technology park on the south side of the airport.
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Dean Marchetti,
Daytona Beach Jet Center general
manager. |
County officials pointed out the Airport,
although a department of Volusia County Government, is an enterprise fund.
This means DBIA is run with revenues it generates from airport operations,
not local property taxes. So land leases are an important revenue source.
On the aviation side, the future looks
bright. "From an air service standpoint, we are fortunate to have won
the confidence of major carriers such as Continental and Delta," said
Stephen J. Cooke, director of business development for DBIA. Since 2000,
Cooke said Delta Connection Carrier Comair has added nonstop service to
Cincinnati. Delta Connection Carrier SkyWest has added nonstop service to
Dallas/Fort Worth. Continental Express has added nonstop service to New
York City (Newark Liberty International Airport). Vintage Props & Jets
also has expanded its charter service to the Bahamas by offering more
frequency and larger aircraft.
"All of this adds vitality to the
airport, improves service for residents, tourists and business travelers
and has a positive effect on economic development efforts," said
Cooke.
An Economic Impact Analysis by the Florida
Department of Transportation in August 2000 for Florida's public airports
estimates that DBIA accounts for 4,000 direct and indirect jobs and
generates an annual payroll of $90 million with overall airport annual
economic impact to the community at $300 million.
Corporate aviation and general aviation are
an important element of the airport's economic impact. There are three
fixed based operators at DBIA - Daytona Beach Jet Center, Yelvington Jet
Aviation and Executive Flightline Services.
Dean Marchetti, general manager of the
Daytona Beach Jet Center, said business is brisk these days. Fuel sales
have climbed steadily, rebounding nicely since the tragedies of September
11, 2001, which rocked the aviation industry.
"Service business also is good and our
avionics business is booming, as more aircraft owners are upgrading
communications and navigation equipment," he said.
"The general upswing in corporate and
general aviation is having a positive effect in all areas of our
business."
As a result, Daytona Beach Jet Center, a
holding of Sheltair, Inc. LLC, is adding more corporate hangars and is
designing a new executive terminal.
Across the field, Yelvington Jet Aviation
also is expanding. This FBO has done well since it commenced operations in
1998. Yelvington has two buildings and is constructing a third. It
concentrates on the corporate aviation market and has designed its
facilities for business professionals and corporate flyers.
In May, Yelvington Jet Aviation was
selected as the second best fixed based operator in the United States
through a well-recognized bi-annual survey conducted by Aviation
International News (AIN). The AIN survey included 283 FBOs throughout the
nation and is based on thousands of survey responses from pilots and
flight departments who use these types of facilities.
Having the main campus of Embry-Riddle
Aeronautical University, the world's leading aviation and aerospace
university, adjacent to DBIA is a big plus. Embry-Riddle and Daytona Beach
International have many common interests.
Among them is the innovative concept of
making DBIA a "teaching airport," where ERAU students get a
hands-on experience in airport operations and management.

Department of
Economic Development
700 Catalina Drive, Suite 200
Daytona Beach, FL 32114
Telephone: 386-248-8048
FAX: 386 238-4761
Toll Free: 800-554-3801

Phil Ehlinger
Director
doed@volusia.org
Website
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