The Rickenbacker Initiative
Rickenbacker Airport becomes America's multimodal inland port
“Then we, at the same time, started looking at the access land … so the railroad’s involvement in the rent and the fees coming from the intermodal industrial development ... those were the big pieces of our strategy to say this is how we make this airport self-sufficient,” says Roberts.
“Our development partner is a joint-venture between Duke Reality and Capital Square Ltd. There is a master development agreement with the airport authority — our land, their development expertise and marketing.
“The land will probably take another 15-20 years to be developed completely, but our long-term projection is, $75-100 million would be the airport share if all of this is developed. That’s the money that is going to help us maintain, build, and take care of the airport.”
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