10-Year Feasibility Study - Executive Summary
This Feasibility Study is intended to be a guide for:
- The long term objective to develop the airport as an economic engine for the region.
- Jobs and business creation.
- Expansion and diversification of area tourism.
- A new funnel for Provincial and Federal funding into the area.
- Maintaining control of the Airport while still leveraging partnerships to assist in its development.
- Establishing long-term, economic self-sufficiency.
- Continuing to develop a community sense of pride, importance and ownership in the Airport.
This Feasibility Study does not contain a detailed financial analysis describing the impact of the marketing strategy on the Airport. Rather, the intent of this preliminary business strategy is solely to focus on the "structure" of a Feasibility Study, with an assessment of its financial impact to be contained in future iterations by "The Radical Application of Common Sense."
There are many physical, legal, environmental, public and other development constraints that impact the Airport Business Development Strategy. As development of business on the Airport proceeds, the impact of these constraints will emerge and modifications to the Feasibility Study and strategy will be necessary.
Land use at the airport is impacted by federal, provincial and local government regulations and bylaws, including, but not limited to:
- Federal: Aeronautics Act, Canadian Environmental Assessment Act, River Estuary Management Programs
- Provincial: Agricultural Land Commission, Environmental Management Act, Ministry of Environment Lands and Parks regulations governing building in a flood plain, Ministry of Municipal Affairs Growth Management Policies
- Regional: Liveable Region Strategic Plans
- Local: Town of Princeton Official Community Plan and Zoning Bylaws
While the proposed Feasibility Study recognizes the impact of these governing regulations, no specific reviews of these or other legislation has been undertaken.
All monetary references are expressed in constant 2006 dollars.
William R. Neale & Associates Ltd.