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Albany Airport Economic and Fiscal Analysis
City of Albany
The buyer is seeking proposals from qualified firms to complete an economic and fiscal analysis of the Albany Municipal Airport. The primary goal is to quantify and compare the economic and fiscal impacts of the current use of the site versus potential alternative development scenarios. The study will inform the buyer's decision making on the best and highest use of the resource. The project may be completed in two phases, including assessing existing conditions and evaluating potential development opportunities.
- 2/26/2025 - Date to Submit Changes or Solicitation Protests
- 3/11/2025 - Last Day to Submit Questions
- 3/13/2025 - Last Day for Addenda Issued
- 3/18/2025 - Proposal Due Date
- Assess existing conditions at the airport
- Review possible encumbrances on the land
- Evaluate existing cost and revenue from the airport
- Identify options to increase airport revenues
- Analyze highest and best use of the property
- Assess zoning implications of development concepts
- Identify infrastructure costs to redevelop property
- Summarize costs to release property from grant assurances
- Develop cost benefit analysis for selected alternatives
- Prepare draft and final reports
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