Managing airport land development under regulatory uncertainty

R Freestone; D C Baker; Nicholas J Stevens

doi:10.1016/j.rtbm.2011.05.006

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Managing airport land development under regulatory uncertainty

Journal article

Peer reviewed

Managing airport land development under regulatory uncertainty

R Freestone, D C Baker and Nicholas J Stevens

Research in Transportation Business and Management, Vol.1(1), pp.101-108

2011

DOI: https://doi.org/10.1016/j.rtbm.2011.05.006

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Abstract

privatisation

urban planning

non-aeronautical development

Australia

Airport development is an inherently risky proposition and regulation can add to uncertainty in the business environment. The privatisation of Australian federal airports between 1996 and 2003 mainstreamed airport development into metropolitan non-residential property markets with all the normal commercial risks including adverse community reaction to the new phenomenon of the airport city because of the attendant environmental, economic and traffic impacts involved. The Australian Government's National Aviation Review in 2008-2009 canvassed this dissent, resulting in a raft of statutory and administrative-based recommendations. Against this backdrop, and drawing on interviews with airport representatives and the deliberations of industry forums, this paper explores the attitudes of airport planning and property managers to the revised regulatory regime announced in the Government's White Paper in December 2009. It provides a case study of corporate response to several dimensions of uncertainty accompanying regulatory change in the post-privatisation era.

Details

Title: Managing airport land development under regulatory uncertainty
Authors: R Freestone (Author) - University of New South Wales
D C Baker (Author) - Queensland University of Technology
Nicholas J Stevens (Author) - University of the Sunshine Coast - Faculty of Science, Health and Education
Publication details: Research in Transportation Business and Management, Vol.1(1), pp.101-108
Publisher: Elsevier BV
Date published: 2011
DOI: 10.1016/j.rtbm.2011.05.006
ISSN: 2210-5395
Organisation Unit: Bioclimatic and Sociotechnical Cities Lab; Centre for Human Factors and Systems Science; School of Social Sciences - Legacy; University of the Sunshine Coast, Queensland; School of Law and Society
Language: English
Record Identifier: 99449678602621
Output Type: Journal article

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Web Of Science research areas: Business; Management; Transportation

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