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Prescott City Council <br /> Special Meeting April 22, 2014 Page 2 <br /> • PRESCOTT MUNICIPAL AIRPORT (PRC) AS A GENERAL AVIATION <br /> AIRPORT (WITH ESSENTIAL AIR SERVICE) <br /> Mr. Burt said financial costs to the Airport and City are minimized with this option. <br /> Strong FAA support, which would need to be built, could enable all General Aviation <br /> Airport improvements to be completed in less than 15 years. <br /> • THE GENERAL AVIATION AIRPORT OPTION <br /> • GENERAL AVIATION AIRPORT- CAPITAL PROJECTS AND ESTIMATED <br /> COSTS <br /> • GENERAL AVIATION AIRPORT PROJECT LOCATIONS <br /> • PRESCOTT MUNICIPAL AIRPORT AS A COMMERCIAL LOCAL AIRPORT <br /> • THE COMMERCIAL LOCAL AIRPORT OPTION <br /> • COMMERCIAL LOCAL AIRPORT — CAPITAL PROJECTS AND ESTIMATED <br /> COSTS <br /> • COMMERCIAL LOCAL AIRPORT PROJECT LOCATIONS <br /> • COMMERCIAL REGIONAL AIRPORT OPTION <br /> Mr. Burt noted that the Airport had land available to develop the facilities and <br /> infrastructure necessary to become a Regional Airport, however, issues of land use and <br /> noise will come up. He said small markets are being left out of the air service industry <br /> unless they are subsidized. For many airlines the return has to be profitable enough to <br /> locate in an area. It will be difficult for smaller airports to maintain a return on <br /> investment. He said the commercial regional airport would provide the balance the City <br /> needs and will protect the options in the future if markets in the airline industry make a <br /> change in their practices and policies. <br /> • COMMERCIAL REGIONAL AIRPORT OPTION - ATTRIBUTES AND <br /> OUTCOMES <br /> • COMMERCIAL REGIONAL AIRPORT — CAPITAL PROJECTS AND <br /> ESTIMATED COSTS <br /> • COMMERCIAL REGIONAL AIRPORT PROJECT LOCATIONS <br /> • AIRPORT RECOMMENDATION <br />