Item Number: RVSD_6b supp-1 
Date of Meeting: October 28, 2014 
Airport Dining and Retail Program 
Investments for the Future 
ACTION ITEM 
October 28, 2014

Realizing a Vision for 
Airport Dining and Retail - 2025 
Today (2014)   Tomorrow (2025) 
Gross Sales    $217 M       $400 M (+84%) 
Revenue     $33 M       $64 M (+94%) 
SPE         $11.65        $15.76 (+37%) 
Jobs         1,640         2,290 (+40%) 
ACDBE/small/ $76 million    $160 million 
local          (35% of total     (40% of total sales of
sales of $217     $400 million) 
million) 

2

Updated Square Footage Requirement 
Location           Existing     Required*       Square 
Square      Square     Footage
Footage      Footage      Shortage 
Main Terminal       142,820       160,120      (17,300) 

South Satellite         16,800        43,845       (27,045) 

North Satellite         19,652        45,707       (26,055) 

Airport Total         179,272       249,672       (70,400) 

Airport Dining and Retail needs room to grow 
3

Why investment in infrastructure? 
Ability to serve 26 million enplanements by
2025 
Ability to grow square footage from 179,000 to
approximately 250,000 square feet 
Ability to grow gross sales to $400 million by
2025 
Passenger-centric strategy meets future needs and grows revenue 
4

Why begin investment now? 
First lease expirations in 2015 
Work must take place after lease expiration,
before units are re-leased 
2015-2016 are critical years to complete
work 
Coordination with other facility projects 
Must begin work now to maintain customer service and revenue 
5

Proposed Investment 
Design Authorization: $2,801,000 
Phase I Construction: $10,956,000 
Phase II Construction: $ 6,397,000 
Total Project Cost: $17,353,000 

6

Master Plan Drivers 
Ability to meet future passenger demand in
every area of the airport 
Maintain service during construction 
Maximize use of very limited square footage 

Critical to preserving existing revenue streams and driving
new non-aeronautical revenue 
7

Three Categories of Infrastructure 

Public access to undeveloped space 
Reconfiguration of existing space 
Modification and/or addition of utilities 


8

Central Terminal 
Current square footage:
59,275 (incl. vacant) 
Required future square
footage: 60,157 
Develop 6,000 sq ft 
vacant south mezzanine
level space 
Develop 4,000 sq ft 
vacant space north
mezzanine 
Reorient pre-security
food service 
9

Central Terminal 


Public access to 6,000 sq ft restaurant space 

10

Central Terminal 
Baggage
Optimization Project 
Elevators below
concourse level 
Coordination
necessary 
Addition of
elevators not
possible later 

11

Central Terminal 
Scope of Work: 
Add two elevators and stairs to mezzanine 
Modify base building facade 
Reconfigure quick serve units 
Remove/replace existing grease duct system 
Modify back of house vestibules 

12

Central Terminal 
Scope of Work, continued: 
Reconfigure existing retail units 
Reorient pre-security units to post-security 
Convert children's play area to retail space 
Data/communications 

13

Concourse A 
Current square footage:
25,013 
Required square
footage: 27,076 
Create new open-air
restaurant and gourmet
market 
Add new retail 
Add new services 

14

Concourse A 


Create new local cuisine, open-air restaurant & gourmet market 

15

Concourse A 
Scope of Work: 
Reconfigure units to create retail and services
where none exist 
Convert current food court seating to revenue
generating square footage 
Modify/add utilities to multiple units 
Data/communications 

16

Concourse B 
Current square footage:
14,047 
Required future square
footage: 14,563 
Eliminate one coffee,
move another 
Add specialty retail 
Add children's play area 
Add new casual dining 

17

Concourse B 


Create new casual dining, children's play area and adjacent specialty retail 
18

Concourse B 
Scope of Work: 
Reconfigure food service spaces 
Create new children's play area 
Create new specialty retail from food service 
Convert storage unit/vestibule to new unit 
Data/communications 

19

Concourse C 
Current square footage:
16,841 
Required square
footage: 22,345 
Convert non-revenue
space to revenue 
Add new quick serve 
Reduce size for service 
Reconfigure units in
'beyond dogleg' area 
20

Concourse C 



Relocate vertical mechanical chase from storefront 
21

Concourse C 
Scope of Work: 
Relocate Horizon Customer Service Center 
Relocate vertical mechanical chase to provide better
access to tenant space 
Reconfigure spaces for maximum use of square
footage 
Add/modify utilities in multiple locations 
Add grease interceptor 
Data/communications 
22

Concourse D 
Current available square
footage: 10,993 
Required square
footage: 23,509 
Eliminate one
convenience retail 
Add children's play area 
Relocate single
convenience retail to
better location 
23

Concourse D 


Merge vacant space into new 'street corner' retail 
24

Concourse D 
Scope of Work: 
Reconfigure space for better placement of
food service & convenience retail 
Create new children's play area 
Data/communications 

25

Pre-Security 
Current available square
footage: 16,651 
Supportable square
footage: 15,958 
Reduce square footage
for convenience retail 
Add new quick serve 
Still two coffee options 

26

Pre-Security 



Divide unit in half to create new quick serve restarant 
27

Pre-Security 
Scope of Work: 
Create more food service to appeal to
meeter/greeter and airport employees 
Relocate convenience retail to more
appropriately sized space 
Data/communications 

28

Other Related Future Projects 
No development without new capacity 
Central Terminal HVAC capacity 
Concourse C electrical capacity 
Program will bear some portion of cost 

29

Net Present Value 
Entire Project Investment: $17,353,000 
Analysis over 20 years 
Discount rate: 7.5% 
Internal Rate of Return: 15% 
Net Present Value: $21 million 

30

Mezzanine Dining  Keys to Success 

Sales increased
by 300% over
generic concept 
Salt Lake International Airport: 
Strong brand name concept 
Striking sightline  bright, airy 
Obvious access               31

Mezzanine Dining - Keys to Success 


Dallas Ft. Worth International Airport: 
No strong brand name concept 
No strong sightline  dark, enclosed 
Unclear access                32

Net Present Value Analysis 
Elevators Only 
Based on enplanements/sales forecasts 
20-year investment 
Compared to - Do Nothing  scenario 
Compared to cost of expansion elsewhere 
Anthony's out of capacity by 2022 
Other capacity capped in 2026 
Cost: $6.7 million 
IRR/Net Present Value: 9.3% / $1,301,163 
33