Gander International Airport Association moving forward with retail campus plans
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.”
Gander International Airport Association president and CEO Reg Wright.