Collateral Development Approach
What is entailed in studying uses for Lambert property?
Many factors will be considered as Lambert evaluates the best use of the property it owns. The goal will be to meet the airport's aeronautical needs in the long term while considering economic-development opportunities as well. Below is a flow chart of the process and the myriad of factors to be involved.
Several geographic areas near the airfield will be examined. Click here to see Lambert's major collateral development areas.
Potential Land Development Market Focus
The Master Plan Study will seek to link land-development efforts to other on-going economic initiatives, including:
- Regional Commerce and Growth Association identified five key industry clusters as potential regional targets:
- Plant and Medical Sciences
- Advanced Manufacturing
- Information Technology
- Financial Services, and
- Transportation and Distribution
- Partner with Airport Neighbors to maximize opportunities for a win-win situation
- Define highest and best use (aviation and non-aviation) of undeveloped and under-developed airport property
- Identify development incentives and approach