Ex­pand­ing op­tions

Gander In­ter­na­tional Air­port As­so­ci­a­tion mov­ing for­ward with re­tail cam­pus plans

The Beacon (Gander) - - News - BY ADAM RAN­DELL Adam.ran­dell@tc.tc

To bet­ter po­si­tion it­self fi­nan­cially, the Gander In­ter­na­tional Air­port As­so­ci­a­tion (GIAA) has been de­vel­op­ing a re­tail cam­pus on its 5,000 hectares of land.

Phase 1 has been com­pleted, with prop­er­ties be­ing opened up near Row Av­enue.

Mov­ing on to Phase 2, the GIAA is look­ing to de­velop an area of land be­tween James Boule­vard and Cooper Boule­vard.

GIAA pres­i­dent and CEO Reg Wright said the as­so­ci­a­tion is in the process of pre­par­ing a de­sign for the high traf­fic lo­ca­tion.

“We’ve had sub­stan­tial in­ter­est from a host of re­tail­ers, so we’re pro­ceed­ing to fi­nal­ize plans for a re­tail cam­pus, to see what we can get mov­ing,” said Wright.

“A lot of peo­ple seem to have fair amount of con­fi­dence in the mar­ket in Gander, even dur­ing a dif­fi­cult time in the provin­cial econ­omy.

“There’s a lot of en­thu­si­asm and con­fi­dence and we are get­ting ready to meet that.”

And in stat­ing the avi­a­tion in­dus­try can ex­tremely volatile, as it’s driven by the econ­omy, he said open­ing land to re­tail­ers al­lows the as­so­ci­a­tion to bet­ter po­si­tion it­self for the fu­ture.

“The more rev­enue the air­port has in­su­lated from those volatile busi­ness cy­cles, the bet­ter we are go­ing to do,” he said. “I think Phase 2 holds a great deal of prom­ise, and there’s a hot cy­cle of in­vest­ment com­ing into the com­mu­nity (in the near fu­ture) ... I think it’s go­ing to form a real strong part of the air­port’s eco­nomic spin go­ing for­ward.”

FILE PHOTO

Gander In­ter­na­tional Air­port As­so­ci­a­tion pres­i­dent and CEO Reg Wright.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.