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IMPLEMENTATION AND FINANCING PLAN INTRODUCTION The preceding chapters of this Master Plan Update identified aviation demand factors, existing facilities, and future facility needs. The recommendations of this chapter are based on the analysis conducted in this study. With the previous analysis complete, the financial commitment needed to implement the recommendations over the next 20 years can be estimated. This chapter will: » Provide a phasing plan for the 5-year, 10-year, and 20-year planning horizons » Summarize the updated 20-year Capital Improvement Program (CIP) » Provide rough order-of-magnitude cost estimates for all CIP projects » Deliver detailed descriptions, justifications, and triggering demand levels for short-term projects The Facility Requirements chapter of this master plan addressed the ability of existing facilities to meet forecast demand levels. The Alternatives chapter brought forward a variety of development alternatives to address facility needs in order to analyze development options and vet ideas through the stakeholder and public involvement process. This resulted in a preferred development plan. This chapter takes the preferred development plan and creates a financially feasible implementation plan which updates the Airport CIP. This CIP serves to guide airport development through the 20-year planning period. The major areas of the Airport identified for improvements include airfield taxiway and apron pavement, the commercial terminal building, landside roads and parking facilities, and various airport support facilities. Planning level cost estimates have been developed with consideration to real world influences and project 1 costs such as . The intent is to provide more realistic cost estimates in order to budget enough funding for each CIP project and to evaluate the feasibility of each project within the planning period. In addition to programming development projects and financing needs for those airport functional areas, various studies and audits were performed to ensure sustainability was programmed into the projects within the CIP. Results from these studies can be found in appendices attached to this master plan. The future investments identified in the Eugene Airport Capital Improvement Program involve many interrelated components that must be identified and implemented in a coordinated manner. To that end, this chapter will document the required development sequencing at the individual project level. Projects will be broken into short-, mid-, and long-term phases (5-, 10-, and 20-year ending periods respectively). Since development cannot occur without adequate funding, this chapter begins byidentifying potential capital project funding sources and, through the lenses of historic Airport funding trends and Federal Aviation Administration (FAA) funding guidance, establishes realistic future funding expectations. Having established realistic funding expectations, projects within the CIP can be properly sequenced and assigned rough order-of-magnitude (ROM) costs based on design and construction timing estimations. The goal of this methodology is to provide Eugene Airport with a realistic, fundable, and implementable plan which guides project timing and budgeting in order to meet future development needs. 1 capital project. These may include, but are not limited to: planning, design, environmental review, testing, project/construction management, administration, permits, taxes, insurance, and various other costs. EUGENE AIRPORT MASTER PLAN 5-1