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Airport Cities Worldwide Fielding MXD Plans

DALLAS-Commercial real estate's multibillion-dollar pipeline is pointed at tapping airport land banks from Detroit to Dubai and all along the most popular travel and trade routes.

By Connie Gore | Updated on April 10, 2008

[IMGCAP(1)]DALLAS-Commercial real estate development has a new frontier to mine: airport cities and aerotropolises. A multibillion-dollar pipeline of mixed-use space is under way or on the drawing boards inside and outside the fences of new and existing airports from Detroit to Dubai and along all the world’s most popular travel and trade routes.

More than 500 executives from 30 countries are getting a full overview of the scope of the many projects underway worldwide at the Airport Cities World Conference and Exhibition 2008, which wraps up today at the host location, Dallas/Fort Worth International Airport. “Twenty-first century airports are not just aviation infrastructure. They are multi-modal, multi-functional enterprises that really are driving commercial development, not only on their property, but many miles out,” says John, D. Kasarda, director of the Kenan Institute of Private Enterprise at the University of North Carolina in Chapel Hill. “The airport city is not an option, it’s a necessity.”

It’s not just about developing land. It’s smart planning and innovative designs to ensure sustainability and profitability as consumer travel and supply chain trading routes break down global barriers. The core of the equation is the airport city, with terminals and runways just part of the concept. The aerotropolis is the surrounding larger region.

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