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Visioning Report MASTER PLAN UPDATE PHASE I

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Visioning Report MASTER PLAN UPDATE PHASE I Visioning Report MASTER PLAN UPDATE PHASE I May 2015 Visioning Report Master Plan Update Phase I Chicago Executive Airport May 2015 1 Table of Contents Executive Summary .................................................................................................... ..........i Foreword ................................................................................................................................1 Need for a new Master Plan .........................................................................................2 Guiding Principles ............................................................................................................2 The Context History ............................................................................................................................4 Local communities ................................................................................................4 Chicago Executive Airport ......................................................................................4 How CEA has evolved over time .......................................................................................4 Chicago Executive Airport’s role today ..............................................................................5 National ...............................................................................................................5 Local ....................................................................................................................5 Master Plan process ..........................................................................................................7 Community and user input so far ......................................................................................8 FAA regulations are the standard .....................................................................................9 The Analysis Integrating the Airport within Local Communities ................................................................10 Integrate community and Airport development plans .............................................10 Focal point and catalyst for economic opportunity .................................................12 What we found ....................................................................................................13 Fulfilling the Airport’s role ................................................................................................13 Accommodating demand .....................................................................................13 Continued trend toward corporate aviation ............................................................14 Critical aircraft ....................................................................................................15 Comprehensive airport planning ............................................................................16 Fully-utilized facility .............................................................................................17 What we found ...................................................................................................18 Enhancing Airport safety and compatibility .......................................................................18 Operational safety and efficiency ........................................................................18 Noise compatibility between the Airport and local communities ................................19 Environmental stewardship ...................................................................................21 What we found ...................................................................................................21 Maintaining financial viability .........................................................................................24 Maximized funding opportunities .........................................................................24 Promoting financial self-sufficiency ........................................................................24 What we found ...................................................................................................26 The Economic Impact to Wheeling and Prospect Heights Increased Economic Return Scenarios.............................................................................28 The Conclusions Maximizing development opportunities ...........................................................................30 Future Planning..............................................................................................................30 References ..............................................................................................................................32 Glossary ..............................................................................................................................34 PHASE 1 REPORT - MASTER PLAN Executive Summary Many cities and villages across the country are seeking methods to prosper, while at the same time enhance the quality of life for their residents. However, there are always competing interests. Prudent planning can enable these communities to more fully and effectively leverage their PWK Z TE B existing assets to continually improve. These community APA Z Z S US assets include certain transportation infrastructure and Z facilities such as airports. For the communities of Wheeling VNY S DL PDK and Prospect Heights, Chicago Executive Airport (CEA), Z Z ADS Z also known as PWK, serves as such an asset. In the Z summer of 2014, the Airport Board of Directors of CEA made the decision to embark on a new planning effort, to FXEO PF Z ensure that their communities are able to best leverage the Airport as the asset it is while meeting federal obligations. Top Corporate Airports in At the outset of this planning effort, the Airport, its governing the United States board and its planners worked together to create a set total operations. of guiding principles which would provide a road map for future planning at CEA. These principles included: (1) CEA is the busiest reliever airport in the Chicagoland integrating the Airport within the local communities, (2) area. fulfilling the Airport’s role, (3) enhancing Airport safety The Airport is also the top choice for international and compatibility, and (4) maintaining financial viability. operations, hosting over half of the total of all customs Any public asset of this nature would be compelled to operations at relievers in the Chicagoland area. properly and prudently plan for its future; combined, these Of the 31 Fortune 500 companies headquartered in principles provide a balanced perspective from which to Illinois, 29 are located in the Chicago metropolitan analyze and plan for the Airport and its environs. area; of these, CEA is the closest reliever airport to 23. [insert Fortune 500 exhibit] This Executive Summary highlights the results of the work done within the Phase I Report. Below is a list of the significant Between 1989 and 2009, much of improvement facts which were identified. Together, the facts listed below projects at CEA focused on safety and bringing the illustrate the uniqueness of CEA and its impact on local, Airport into compliance with FAA regulations. In fact, regional, and national aviation and economic systems. more than $70 million (92.4%) of that investment came from state and federal funds. Both Wheeling and Prospect Heights have identified Top Facts areas of development or redevelopment interest in CEA hosts 497 jobs, generating an estimated $30-35 properties immediately adjacent to existing Airport million in direct payroll alone. property. For Wheeling this would be the Industrial In 2013, the businesses operating at the Airport Lane area and for Prospect Heights, it is the proposed produced more than $2.3 million in sales and real industrial district south of Palatine Road on either side estate tax revenues combined. of the approach area for Runway 34. CEA is in the top ten of corporate airports in the Projected industry growth trends show that business United States. aviation will continue to be the rising force within CEA is the 3rd busiest airport in the state of Illinois general aviation both nationally and at CEA. in terms of itinerant operations (trips further than 20 Chicago Foreign Trade Zone (FTZ) #22 incentivizes miles), and the fifth busiest airport in Illinois in terms of area businesses to grow and prosper in this area. Top Airports in Illinois I tinerant T otal Top Reliever Airports in Chicago Airport O perationsOperations Itinerant Total Airport O' H are International 8 8 1 , 9 3 881, 3 9 3 3 Operations O perations C hicago Midw ay 2 4 9 , 2 5 2 2 4 9 , 2 52 C hicago E x ecutive 57 , 19 6 7 6 , 4 5 0 Saint Louis D ow ntow n 4 5 , 3 3 2 9 3 , 7 14 D uPage 4 4 , 7 9 3 7 1 , 7 8 9 Southern Illinois 2 9 , 3 0 6 82 , 6 80 Aurora Municipal 2 9 , 7 52 5 9 , 3 0 4 C hicago E x ecutive 5 7 , 1 9 6 7 6 , 4 50 Wauk egan Regional 2 3 , 3 56 4 0 , 9 5 1 I CHICAGO EXECUTIVE AIRPORT Given these substantial facts and the full content Towered Reliever Proximity to within this Phase I Report, it has become clear that the Fortune 500s in Chicago comprehensive master planning effort for CEA needs to be completed. The Board of Directors of CEA have chosen to accomplish the planning effort in phases. The level of detail and complexity within the planning effort will increase as the process plays out. But, CEA has chosen to move slowly and deliberately. Such an approach will ensure the transparency and community involvement that
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