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Who Owns US Airports: Federal or Local?
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Nov 28, 2024
When you fly in and out of a US airport, have you ever wondered who owns it? Surprisingly, most airports in the United States are owned by state or local governments and operated as public utilities. The federal government primarily owns and runs military airports, while some smaller airports might be managed by private entities. Learn more about this fascinating topic and read the full article here: https://real-estate-crunch.com/are-all-us-airports-federal-property/ #RealEstateCrunch #Airports #TravelTips #USGovernment #AirportFacts #TravelSmarter #AirportOwnership #Aviation
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hi this is Anita from Real Estate crunch
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this is kind of an interesting question
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and one if any of you travel like I
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travel the question is is are all US
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airports Federal property you know the
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truth is that US airports are usually
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run by a state or the local government
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running an airport is quite a complex
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matter the responsibility for Aviation
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operations is usually shared between
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different parties including all you know
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Air Services federal government agencies
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Airlines operators Pilots airports and
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state local governments some airports
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may join federal government agencies and
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running operations of the airport it
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depends upon the airport and it depends
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on the agreement between the state and
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the local authorities in short the
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federal government is involved in all US
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airports but the airports are you not US
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Federal
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property most us commercial airports are
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owned and operated by the public
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entities including L Regional or state
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authorities this is also a reason why
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you know many times the airports you
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know some cities may try to get certain
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airlines to come there because they want
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to be able to get the revenue from those
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Airlines for their airports to make
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their airports more efficient you know
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the US airports are considered to be
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powerful economic engines they you know
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can generate billions of dollarss in
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annual economic activity they also can
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support millions of workers with good
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paying jobs so you know a City May
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really want to have an airport you I'm
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thinking now about you know I fly in
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quite a bit in Chicago Chicago ohare of
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course is a huge airport but then at the
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same time you go to another you know
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city which isn't quite as big Denver and
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I've recently been flying out of Denver
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a lot to Narita or to Japan and then you
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think about another airport that I know
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which is not in such a big city either
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is Salt Lake City where Salt Lake City
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has recently invested to really expand
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their airport and one of the reasons is
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that Delta has become a hub there that's
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because an airport is considered to be
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an economic engine for that for the area
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it also be able to help people to be
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able to get in and out it can help to
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drive economic growth in many different
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ways so US airports are really to be
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self-sustaining
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and so the next time you go into an
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airport and pay an exorbitant price for
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like a bottle of water remember that
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your airport is supposed to be self-
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sustaining in other words they depend
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upon the rent and other services within
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the airport itself to become
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self-sufficient and not rely on federal
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or additional dollars so you can imagine
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how much many of these airports hurt
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during the time of covid when people
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were not traveling and that's also why
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maybe you haven't seen you like airline
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tickets go down so much after covid or
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or you haven't seen the airlines uh
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reduce the tickets that much because you
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know again many people including the
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airports themselves are trying to make
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up dollars they lost during the time
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when nobody was was actually traveling
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because the airports need to be self-
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sustaining that is why too when you
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purchase a ticket you will see that
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there will be something added for an
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airport charge so no matter where I fly
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in the world there's usually some type
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of um like even in Japan there's a
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passenger service charge there when I go
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through there there can be a September
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11th security you know security charge
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there can be a us passenger facility
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charge there can be all these different
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charges that sort of add up to the cost
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of your ticket because the airports even
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for things for the customs and other
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things that you might need so each time
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you you know fly in and out of an
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airport it's important to remember that
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these airports need to be self-
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sustaining they're usually owned by
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state or local government there are a
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few of them which might be individually
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owned but most of them are owned by the
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state or local government ex but they
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are very much tied in to the federal
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government so it's kind of in a way sort
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of this joint ownership between both of
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both of them and that will be why some
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cities might opt and say look we want to
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expand the airport and other s Others
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May say we don't want to expand this
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airport because it may cost us too much
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in taxpaying
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dollars the you know the um US military
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which is part of the federal government
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will own the military airports and some
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small airports you know that might be
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considered private airports can be owned
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by a single owner or an
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association but at least you know 7% of
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the United States uh G GDP is and work
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force is accounted by the by the airport
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so the airports is a huge employer
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throughout the United States this is
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Anita from Real Estate crunch thank you
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so much for listening we've hope that
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you've enjoyed this podcast where we
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talk about all things to do with real
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estate even something as interesting as
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who owns our airports that um and it is
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part it is it's good to understand some
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of these things about property and real
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estate ownership throughout the world
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and in particularly around the United
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States hope you've enjoyed this
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subscribe that you'll subscribe to our
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podcast become a member we'd love to
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have you join part of our community
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thank you
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[Music]
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