Indianapolis
potentially yet to be known aviation-related commercial uses. At present, however, it is envisioned that just over half of the 800 acres of developable commercial land would be devoted to logistics, distribution, and light industry, just under a third for office and hospitality and approximately 15% for retail and consumer services. It is estimated that approximately 9,000 additional jobs will be created by these developments at build-out in 2040. Commercial development, which will primarily be done by the private sector, is conservatively estimated to generate $180 million in lease revenues for IAA over the next 30 years, but these could be substantially greater.
Impacts beyond the fence As noted, an important objective of IAA’s new strategy is to make IND an even stronger economic engine for generating investment, jobs, and taxes throughout the Indianapolis region. It is well-recognised that IND is instrumental to Indianapolis’ huge sports tourism sector as well as to Indy’s downtown corporations, hotels, and convention complex. Less recognised is the large and growing role IND has been playing in
18 Issue 1, Volume 5
making the region more competitive for high-tech manufacturing, logistics, and distribution. The nearby town of Plainfield, for instance, has more than 25 million sqft of light manufacturing, logistics, and distribution facilities, many of which were attracted by a combination of good interstate highway access and IND. These include both shared and
dedicated logistics facilities to manage the distribution of time-critical pharmaceuticals, medical devices, and electronics. The aerospace and defence sectors are
also key targets for the airport region since extensive and reliable air cargo connectivity is critical to many of their constituent firms. Already, the Indianapolis region has demonstrated success in attracting firms in these sectors such as Raytheon and Aero Engine Controls, a joint venture between Rolls-Royce PLC and Goodrich Corp. Consistent with aerotropolis strategy, the airport authority plans to ally with local municipalities to attract business to the greater airport region and the downtown. As the Indianapolis Aerotropolis evolves, IAA foresees clusters of business and logistics parks, shopping complexes, restaurants, hotels, and even academic institutions locating along a future airport
ring road and along major connecting highways, including ones going directly to Indy’s central business district.
3C’s of aerotropolis success The aerotropolis as an airport-integrated economic region requires region-wide co-ordinated planning. To achieve this reality, IAA has been meeting regularly with local municipalities and regional business leaders. The objective is two-fold: 1) to ensure
that all stakeholders in the airport region are on board with IND’s new commercial land-use plan, and 2) to commence communication that would result in future Indianapolis Aerotropolis planning and co-ordinated actions to generate mutual benefits for IND and the communities it serves. IND, together with its nearby jurisdictions, offer all the ingredients to foster a successful Indianapolis Aerotropolis. Communication, co-operation, and co-ordination will be necessary, however, if this success is to be attained. IAA and the region’s stakeholders clearly recognise the importance of the 3Cs and appear committed to moving forward on all three fronts.
GLOBAL AIRPORT CITIES
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