Addison Airport Operations, Management, and Real Estate Functions to be In-Sourced

In January 2020, the Council made the decision to in-source Addison Airport’s operations, management, and financial management to the Town. They also decided to hire Landrum & Brown (L&B) to negotiate a new agreement for real estate services at the airport with new terms and conditions.

 

At the September 8 meeting, staff shared with the City Council that together with L&B they had analyzed various management structure scenarios and determined that bringing the asset and real estate management-related functions in house would have a positive impact on reducing the airport’s costs by eliminating the need for a management fee and incentive bonus. This move would also provide stronger institutional knowledge within the Town and less risk of disruption to the real estate services. 

  

The in-sourcing of all the operations, management, and real estate functions at the airport reduces the annual cost of the management and operations by $550,862.90. The FY2021 Budget that Council adopted on September 8 incorporated the recommendations to make all of the current Addison Airport team employees of the Town of Addison effective October 1.

 

You can watch the Council's Airport discussion here and read the presentation here.