Sessions will continue to be added to this year's program. Please check back occasionally to see what's new. All times listed in EST.
DAY 1: Wednesday, September 23, 2020 (note all sessions in ET)
12:00 PM - 12:30 PM Summit Start and Opening Welcome Address: former Governor of Maryland, Martin O'Malley We welcome Mr. O'Malley to help us open the 2020 Summit and speak to some of the larger challenges facing the nation currently. Working with states and counties on COVID-19 response implementation, Mr. O'Malley will share some of his experiences, principles on transparency and trust when operating during a crisis, and discuss his public-private partnership experience as governor of the state of Maryland.
12:30 PM - 1:00 PM Opening Airport Panel - Post-Pandemic Operational and Capital Strategies In this opening panel discussion our presenters, representing Hartsfield-Jackson Atlanta, Los Angeles, and Chicago O’Hare International Airports, will share current practices and lessons learned so far in the pandemic. As part of this conversation, panelists will discuss their recent experiences, insights on post-pandemic operational and capital strategies, and provide thoughts on some of the major budgetary and capital asset management challenges affecting airports of all sizes at this time.
Moderator Steven Morris, Aviation Sector Leader, Hill International
Panel Balram Bheodari, Deputy General Manager, Hartsfield-Jackson Atlanta International Airport Bernardo Gogna, Chief Development Officer, Los Angeles International Airport Glen Ryniewski, Assistant Commissioner of Concessions and Customer Service, Chicago Department of Aviation
1:15 PM – 1:45 PM Virtual Room 1:The Role of Alternative Delivery in the Face of Our Most Pressing Challenges Airports of all sizes currently are confronting operational and funding challenges that cannot be addressed solely with existing resources. What options and pathways are available? In this panel discussion we will speak to some of most urgent challenges confronted by airport owners, operators, and community stakeholders; and speak to the major political, policy, and project developments likely to matter in the coming months.
Moderator Jennifer Bales Drake, Shareholder, Becker
Panel Krudo de Jesus, Vice President, Fengate Asset Management Melissa Marchany Carrasquillo, Chief Legal Counsel, Puerto Rico Public-Private Partnerships Authority Ryan Yakubik, Managing Director, Ernst & Young Infrastructure Advisors, LLC
1:15 PM – 1:45 PM Virtual Room 2: Private Operators Rapid Response to COVID-19 Since the beginning of the pandemic, airports, airlines, and private operators have worked closely and taken unprecedented measures to ensure the safety and health of all constituents, passengers and airport workers alike. The successful and lasting recovery of our sector requires clear and decisive steps to make sure that airport workers and passengers are protected. In this panel conversation, we will discuss what has worked well so far and how private sector operators have responded. Join us for this discussion which will include best practices, proven procedures, consideration of technology and strategic investments, and recent lessons learned.
Presenters Jack Rossi, Associate General Counsel, Alaska Airlines Brett Smith, CEO, Propeller Airports Adrian Witherow, Chief Operating Officer, Gatwick Airport
1:15 PM – 1:45 PM Virtual Room 3: Policy Through the Pandemic: A Conversation with ACI-NA’s Annie Russo America’s airports have been crushed by the collapse in air travel in 2020. Join AIAI Senior Policy Advisor Marshall Macomber as he talks with ACI-NA’s Senior Vice President for Government and Political Affairs Annie Russo, who will provide an update on what they’re hearing from Congress to help, as well as the association’s efforts to restart consumer confidence in travel.
Presenters Marshall Macomber, President, ThinkP3 Annie Russo, Senior Vice President of Government and Political Affairs, Airports Council International
1:15 PM – 1:45 PM Virtual Room 4: Finding the Right Model in Today's Environment Airports are struggling today with operational and funding challenges that cannot be addressed solely with existing resources. Across the country a preponderance of airports will have to reappraise their options and priorities. And while partnerships have demonstrated value in expediting project delivery, providing technology access, and transferring risk; project owners across the country have been slow to adopt the model. This discussion considers why and will examine the role of alternative project delivery model in the current and post-pandemic environment.
2:00 PM – 2:30 PM Virtual Room 1: How To Inject Private Sector Innovation into Your Airport Without a P3 (Part 1 of 2) Are P3s a non-starter but you still want private sector participation in your airport? This panel is a the first of two sessions that will discuss alternative forms where the private sector can inject into an airport innovation, efficiencies, a commercial culture and/or take operational risk without a P3.
Moderator Francisco Gonzalez, Managing Partner, LSN Partners
Panel Brian Foont, Founder, Foont Law Melissa Marchany Carrasquillo, Chief Legal Counsel, Puerto Rico Public-Private Partnerships Authority Jorge Roberts, CEO, AvPORTS
2:00 PM – 2:30 PM Virtual Room 2: Airport CFO Panel: Planning Through Uncertainty Airports and airport operators have faced unprecedented disruption since March due to the global pandemic. Health and safety concerns continue to impact passenger traffic and revenues remain depressed. In this discussion, our distinguished panel of CFOs will share how they are operating through this period and what advice they have for other airports facing similar current operational challenges, while also sharing insights on capital asset plans and shifting priorities in the post-pandemic recovery
Moderator Seth Lehman, Senior Director, Global Infrastructure & Project Finance, Fitch Ratings
Panel Marge Basrai CPA, CGMA, CM, Chief Financial Officer, Metropolitan Nashville Airport Michael Hill, Chief Financial Officer, Charlotte Douglas International Airport Anna M. Tenaglia, Chief Financial Officer, Massachusetts Port Authority
2:00 PM – 2:30 PM Virtual Room 3: Tracking and Ensuring Diversity and Inclusion Evidencing diversity empowerment and success requires technology to not only track but to reach out to those offering important business additions. Leverage technology portals to not only showcase the inclusionary efforts undertaken but also to create new business ideas and partners. A portal can help create data to mine information and show how construction jobs and other airport efforts include minority participation, local hiring and extending the opportunity for business idea submissions for concessions, vendors and others. Track and report this success confidently through business portals.
Presenters Jack A. Callahan, CPA, Partner - Construction Industry Leader, CohnReznick Jeremy Ebie, Co-Founder and Managing Partner, Phoenix Infrastructure Group
2:00 PM – 2:30 PM Virtual Room 4: From Stakeholder to Partner: Airlines Changing Roles on Airport P3 Projects As public private partnerships at airports have gained greater acceptance over the past few years, most transactions have been between the airports and developers. In this panel, we talk to the airlines about their perspectives on P3s, how completed P3 projects have (or have not) affected their business model, and whether their perspectives on P3 development have been altered by the economic effects of COVID-19.
Moderator Scott Feldmann, Aviation Director, Hill International
Panel Bob Montgomery, Vice President of Airport Affairs, Southwest Airlines Palmenia Whelan, Managing Director of Real Estate & Facilities, American Airlines
2:30 PM – 2:45 PM Networking Break / Virtual Expo Hall Tour / Digital 1 on 1s Special Thanks to Our 2020 Co-Chair Sponsor
2:45 PM – 3:15 PM Virtual Room 1: Airport Owner Panel: Planning Post-COVID-19 If 9-11 and the COVID pandemic have taught us anything, the airline industry is very sensitive to human safety challenges resulting in an economic downturn, as personal and business travel budgets decline. And, as airline traffic declines, so do airport revenues that are tied to enplaned passengers. Join us for conversation with airport senior officials, who will discuss the current state of the market and solutions to the ongoing challenge the sector is facing.
Moderator Ryan Yakubik, Managing Director, Ernst & Young Infrastructure Advisors, LLC
Panel Jay C. DeWitt, Deputy Director for Financial Management/CFO, Phoenix Sky Harbor International Airport Atif Saeed, CFO, Minneapolis-St. Paul International Airport Jim Walsh, Chief Business & Development/CFO, Baltimore-Washington International Thurgood Marshall Airport
2:45 PM – 3:15 PM Virtual Room 2: What’s Next? Airport Modernization and Expansion Projects in a Post-Pandemic World Airport sector leaders will examine how airport facilities and revenue models are changing in ways that might not have been expected before the COVID-19 pandemic. Faced with a global economic slowdown, airports and their developers are challenged to modernize facilities and to make them more resilient and flexible. How will technology and innovation create new ways of enhancing airport operations? Contrasting short-term and long-term impacts, we will explore the passenger experience at airports and emerging trends across airport terminals and operations, including check-in and security screening facilities, airline lounges, food and beverage, retail and duty-free shopping, intermodal transportation connectivity, and parking and on-site rental car facilities.
Panelists will also address airports’ carbon footprint from air and ground traffic, the relationship between passenger and cargo operations, the usage of smaller vs. larger planes, and impacts on airports of possible changes to airlines’ fleets and liquidity. Will airports need to update their air traffic control systems, improve runways and add more gates? Our experts will weigh in and answer the questions facing financiers and developers of airport projects worldwide and the possibilities for public and private sector collaboration.
Moderator Allan Marks, Partner, Milbank LLP
Panel John Carver, Executive Director, Project Development, CCR Airports Larry Cyrlin, Managing Director, Structured Capital Markets, KKR & Co. Cherian George, Managing Director, Fitch Ratings Amit Rikhy, President & CEO, CAG Holdings, LLC Daniel Seltzer, Managing Director, MUFG Project Finance
2:45 PM – 3:15 PM Virtual Room 3: The Differences Between Project Funding vs. Project Financing This session introduces fundamental financial topics related to public-private partnerships for airports. We review how financing models are changing and how a traditional project finance programs compare to other P3 tools, such as concession agreements that are more common in other sectors. Lastly, we examine which P3 structures work best for a specific project or to meet the specific goals of an airport, and we will delve into how different structures impact project viability, the return to the airport and credit profiles and balance sheet.
Presenters Chris Elmore, Vice President, Public Sector and Infrastructure Banking Group, Goldman Sachs Sia Kusha, Group Head, Project Development and Partnering, Plenary Tanya Langman, Director of Financial Services, HNTB Corporation
2:45 PM – 3:15 PM Virtual Room 4: Current Trends in Air Cargo In this session, participants will learn about current trends in air cargo, particularly those influenced by the COVID-19 pandemic, and what those trends may mean for certain airports. This session will be the first of two sessions that will collectively examine how certain trends in air cargo could impact P3 airport projects, including how they may be financed and completed. This “out-of-the-box” session will explore a topic that is not often discussed in this space but may be more relevant in the current environment. By doing so, this session will lay the necessary groundwork for a more direct conversation about P3 airport projects and encourage a more holistic analysis of factors that could impact them.
Moderator Brad Levy, Shareholder, Winstead PC
Panel Tom Foote, Director of Airport Properties, UPS Airlines David Vance, Vice President of Cargo Operations and Airport Support, American Airlines
3:30 PM – 4:00 PM Virtual Room 1: Fireside Chat with Phil Brown of the Greater Orlando Aviation Authority Join us for this virtual fireside chat between Jim Ray, former USDOT Senior Advisor and Corporate President of HNTB, and Phil Brown, Chief Executive Officer of the Greater Orlando Aviation Authority (GOAA) and Orlando International Airport (MCO).
Presenters Phil Brown, CEO, Greater Orlando Aviation Authority Jim Ray, Corporate President, HNTB
3:30 PM – 4:00 PM Virtual Room 2: Factors Affecting Capital Funding Sources In this panel discussion we take a hard look at the uncertainties of the current economic situation, with airports, airlines, and other key stakeholders having to reconsider short- and medium-term capital funding needs and available resources.
Moderator Elliott Black, Office of Airports, FAA
Panel Bob Craven, Director, Office of Airport Planning and Programming, FAA Kurt Forsgren, Managing Director, S&P Global Cindy Nichols, Director, Sacramento County Department of Airports Roger Schaufele, Forecasts and Performance Analysis Division, FAA
3:30 PM – 4:00 PM Virtual Room 3: Ready for Takeoff or Still at the Gate: Real Talk on the State of America’s Airports Right Now Join key airport executives for some real talk about the state of America’s airports as a result of the global COVID-19 pandemic. What are the current and future challenges, and what are the opportunities? How are small, medium and large airports dealing with the collapse in air travel, and when do they expect a recovery to take place?
Panel Kevin Burman, Director of Airports, San Luis Obispo County Regional Airport David Edwards, President and CEO, Greenville-Spartanburg Airport Joe Lopano, Chief Executive Officer, Tampa International Airport
3:30 PM – 4:00 PM Virtual Room 4: Impact of Current Trends on Air Cargo Facility Development and Finance The COVID-19 pandemic has accelerated several trends in air cargo. This session will focus on how those trends, particularly medical supply / cold chain logistics and e-commerce logistics, are impacting air cargo facility finance (including by P3 delivery) and development at small and medium hub airports in the United States. Air cargo facility developers, finance experts, and airport executives will provide unique perspectives and current examples of what they are seeing on the ground and what they expect to see post-pandemic.
Moderator David Staas, Shareholder, Winstead PC
Panel Jeff Matz, Airport Properties Manager, UPS Airlines Jim Szczesniak, Airport Director, Ted Stevens Anchorage International Airport
4:00 PM – 5:00 PM Happy Hour – Video Networking Session Special Thanks to Our 2020 Diamond Sponsors
DAY 2: Thursday, September 24, 2020 (note all sessions in ET)
12:00 PM – 12:30 PM Opening Keynote: Kirk Shaffer, Associate Administrator for Airports, Federal Aviation Administration We welcome Mr. Shaffer to provide an overview of ongoing Federal programs involved in airport infrastructure improvements while also speaking to some of the operating and financing challenges currently faced by airport nationwide.
Presenter Kirk Shaffer, Associate Administrator for Airports, Federal Aviation Association
12:30 PM – 1:00 PM Virtual Room 1: Technology and Cargo: Why Now is the Time for the Aviation Sector to Embrace the Future The aviation industry is risk averse for very good reasons, but the proven benefits of full adoption of integrated and technology-based cargo community systems far outweigh the risks. Reduction of paperwork and ”touches” of cargo (especially in the CV19 and post CV19 era) can save lives as well as time. Shorter truck dwell and aircraft taxi times can substantially reduce carbon emissions. Real time and transparent tracking services create value for shippers that can be a differentiating element in expanding your customer/operator base. Virtual cargo lanes driven by information flows between airports will enhance air service marketing to passenger carriers. This panel will explore the possibilities from an airline, customer, global advisory and technical solutions provider perspective.
Moderator Eli Gregory, Head of Airport Investment and Development, AFCO
Panel Stan Wraight, President and CEO, Strategic Aviation Solutions International (SASI) Amar More, Director, Kale Logistics Tim Strauss, CEO, Amerijet Ben Harris, Director, Supply Chain, Advanced Manufacturing and Bioscience, Metro Atlanta Chamber
12:30 PM – 1:00 PM Virtual Room 2: A Conversation with Two Capitol Airports State capitols like Austin, Texas and Sacramento, California represent some of the fastest growing airports in the nation. In this conversation, we will discuss how both airports have been managing their capital improvement programs during this year, and how the pandemic and post-COVID recovery impacts priorities, procedures, and possible shifts in development priorities going forward.
Moderator Kurt Krummenacker, Senior Vice President, Moody's Investors Service
Panel T.J. Chen, Chief Administrative Officer- Planning and Development, Sacramento County Department of Airports Shane Harbinson, Assistant Director, Airport Planning and Development, Austin-Bergstrom International Airport
12:30 PM – 1:00 PM Virtual Room 3: Innovative Approaches to Capital Finance In light of the new uncertainty in terms of both capital needs and available funding, what types of new and emerging opportunities and approaches might be available to help. Join us for this panel discussion on new modes and potential strategies that may you be able to apply. Presenters Forrest Artz, CFO, Memphis Shelby County Airport Authority Elliott Black, Office of Airports, FAA Rhona DiCamillo, Principal, DKMG Consulting Kathleen Sharman, CFO, Greater Orlando Aviation Authority
12:30 PM – 1:00 PM Virtual Room 4: Critical Aspects of Technical Due Diligence to Prepare for a P3 This presentation will highlight the prudent steps in a P3 due diligence and the need for a technical advisor early in the process. Too often P3 deals become focused on the financial structure and the crucial building blocks of the equation around design, complexity and regional nature of construction are not taken into account, or are established at a very conceptual level, leading to erroneous assumptions and unrealistic risk structures. Lessons learned will be presented on the challenge of a unsolicited single sourced P3 deal.
Presenters Tom Rossbach, AIA, ACI National Aviation Practice Consultant, Vice President, HNTB Julie Wienberg, Aviation Architecture Practice Leader, HNTB
1:15 PM – 1:45 PM Virtual Room 1: Industry at an Inflection Point: How Can Airport Owners and Operators Use the Development Pause to Create an Environmentally Sustainable Smart Airport? The environmental impact of carbon emissions remains an important issue in the airport industry, and given the current environment, the industry is at an inflection point. With COVID-19 drastically reducing airline travel in the near-term, how can airport owners and operators use this pause in development to improve their ESG considerations? With large expansionary projects on the backburner for the foreseeable future, how should airport owners and operators responsibly allocate their capital to improve and modernize their existing assets, with an eye towards sustainability?
Making airports more efficient and reducing greenhouse gas emissions is one way that airports can improve their long-term viability while increasing profitability and reducing environmental impacts. The panel will discuss how can airports operators utilize passenger data to reduce carbon emissions not just on the runway, but from travelers’ front doors to the airport gates. Panelists will also take a look at successful carbon reduction programs already in use at airports in Europe, and how those considerations can be expanded and applied to US airports.
Presenters Clive Condie, former Chairman and CEO, London Luton Airport Stefano Mion, Senior Managing Director, Ardian
1:15 PM – 1:45 PM Virtual Room 2: Developer Options in Airport Privatization Revisions to the 2018 FAA Reauthorization Act broadened the description of the Airport Investment Partnership Program, updated the eligibility criteria for investment, and removed the limitation on participating airports. This means that U.S. Airports may now explore a multitude of new business arrangements. These alternatives – and potential partnerships with investors and operators – provide airports with new, non-traditional development opportunities, including access to new funding sources and flexible partnership scenarios. This discussion with operators and equity partners will explore the new opportunities for airports to expand partnerships with the private sector, including complete P3, Airport/Equity Partnerships, and structured management agreements.
Moderator G. Anderson Wilson, Aviation Director, Hill International
Panel Gregory Huang, Vice President NA, CCR Airports Martin Klepper, Chairman, Fengate Asset Management Brent Tasugi, Principal, AMP Capital Darcy Wilson, Senior Vice President, Oaktree
1:15 PM – 1:45 PM Virtual Room 3: How Risks Gets Assessed Post-Pandemic The coronavirus outbreak and the unprecedented measures to contain it resulted in the suspension, delay or material slow down for many projects under construction. How the impact of these delays are contractually addressed varies by project and protracted negotiations will persist for some time for many existing projects. New projects in procurement must address coronavirus related risks upfront, which has delayed and even canceled some projects. The future project pipeline could be in jeopardy as public entities delay or cancel large capital projects to focus on preserving cash resources. Projects are also exposed to the weakening credit quality of construction companies that will also be unwilling to take fixed-price contract risk without appropriate risk allocation to mitigate coronavirus related risks, reducing the potential pool of bidders. Presenters will discuss the impact of this year’s events in terms of risk, contracts, and the potential for new terms and structures to address previously unconsidered forms of risk and expectations for how it will be addressed moving forward.
Presenters Larry Belinsky, Managing Director, Frasca & Associates, LLC Chris Elmore, Vice President, Public Sector and Infrastructure Banking Group, Goldman Sachs Lloyd S. Lowy, Partner, Hawkins Delafield & Wood LLP
1:15 PM – 1:45 PM Virtual Room 4: How Do I Design a P3? - Best Practices in Deal Structuring The basis of all good public-private partnerships is in the structuring of the deal and the management/oversight of the contract. During this session both public and private sector experts will discuss the basic and best practices for P3 deal structuring. They will also share their views on the best practices for contract management for the long-term success of a P3.
Presenters Amy Lloyd, Director, Citi Matthew Neuringer, Senior Associate, Orrick Daniel Piñán, Head of Corporate Development, North America, Ferrovial Airports
2:00 PM – 2:30 PM Virtual Room 1: Planning Post Pandemics: Economic Uncertainty, Disruptive Technologies, and Growing Concerns for Sustainability Airports of today are faced with an increasingly complex and evolving plethora of risks and challenges, beyond COVID and what will likely be a long economic recovery. How does airport leadership ensure that they are focusing on the right priorities? What processes can help review and evaluate not only risks but also opportunities? How do you bring together your staff to solve these issues using a multi-disciplinary approach? In this session, we invite two airports to share some of their thinking and discuss how capital asset planning may be structured to proactively manage both today’s risks and be prepared for the tomorrow’s unknowns.
Moderator Sia Kusha, Group Head, Project Development and Partnering, Plenary
Panel DJ Gribbin, Founder, Madrus LLC Alexis Higgins, CEO, Tulsa International Airport Gary M. Sypek, Deputy Director of Airports – Airport Development, Palm Beach International Airport
2:00 PM – 2:30 PM Virtual Room 2: Smart Airports Through Digitalization COVID-19 has urgently accelerated adoption of efficient technologies including touchless systems for both passengers and employees. In-terminal health screening, including on site COVID tests, is in rapid deployment. Communication with pax for virtual queuing, electronic food ordering and a wide array of notices requires implementation of new direct messaging systems and in many cases, upgrades of the communication infrastructure. Disinfection requirements involve nearly all terminal facilities and operations. This panel discussion will review needed changes for arrivals, departures and gate management and will describe the many cross zone upgrades required for social distancing and cleaning such as HVAC, seating, signage, queues, and customer experience.
Moderator Ginger Evans, Chief Strategy Officer, CAG Holdings, LLC
Panel Dee Bhawmik, Account Manager, Schneider Electric Daniel Dunn, VP Operations, Materna Regine Weston, Leader, Airport Planning, Arup Faith Varwig, Principal, Faith Group, LLC
2:00 PM – 2:30 PM Virtual Room 3:Financing and Project Delivery for Regional Airports: Options to Address Existing Needs As major airlines cut routes and the travel industry struggles to adapt, how do regional airports finance and/or deliver important infrastructure needs in order to continue to compete in a post-COVID environment? Our panelists, including the current Director of Stillwater Regional Airport and a former Regional Administrator of the US General Services Administration, will discuss procurement approach, federal support, and other alternative options.
Moderator Charles Renner, Partner, Husch Blackwell
Panel Paul Priegel, CM, Director, Stillwater Regional Airport, Oklahoma Jason Klumb, Attorney/Advisor, Jason Klumb LLC; former Regional Administrator/SES, US General Services Administration Adam Sachs, Partner, Husch Blackwell
2:00 PM – 2:30 PM Virtual Room 4: Why Do a P3?: Identifying the Value Propositions and Building the Business Case for a P3 What are the business considerations that an airport must review before starting the P3 process? Please join this session to hear a panel of experts discuss the elements that must be considered as the public builds out the business case for a public-private partnership. Also hear ideas as how to effectively communicate the business case to the community at large.
Presenters Jed Freedlander, Head of Business Development, Phoenix Infrastructure Group Seth Miller Gabriel, Director, BDO Young Lee, Partner, Orrick Thomas Shea, Principal, The Concourse Group LLC
2:30 PM – 2:45 PM Networking Break / Virtual Expo Hall Tour / Digital 1 on 1s Special Thanks to Our 2020 Diamond Sponsors 2:45 PM – 3:15 PM Virtual Session 1: Leveraging Real Estate to Generate Revenue In a time of uncertainty, how can airports leverage their existing and adjacent real estate to help bolster operations and revenue potential. Effectively using all avenues to combine with P3 partners can help drive success across business, economic development and social inclusion. How can airports become centers of commerce and not just as a vital travel and connection hub? Learn how Opportunity Zones and other tax credit programs can help maximize real estate partners, developments and drive new revenue streams for your airport.
Presenters Jack A. Callahan, CPA, Partner - Construction Industry Leader, CohnReznick Danielle J. Rinsler, AICP, Head of Aviation Policy, Uber Holly Rockwell, Senior Executive Officer, Real Estate, Transit Oriented Communities and Transportation Demand Management, LA Metro
2:45 PM – 3:15 PM Virtual Session 2: Preparing a Successful Airport Procurement A P3 procurement model is a combination of design, construction, financing, operations, and maintenance. Panelists will review best practices and new approaches to procurement in the context of public-private partnerships, and consider how owners can most effectively structure risk transfer in design and construction costs, operational and maintenance challenges, and factors that can impact value for money analysis.
Presenters Jensen Clarke, Director, Infrastructure Investments, Fengate Asset Management Julian Anderson, President, Rider Levett Bucknall Sue Lee, Senior Managing Director, Ernst & Young Infrastructure Advisors, LLC
2:45 PM – 3:15 PM Virtual Room 3: JFK and LGA Privately Managed Single Terminal Projects During the Pandemic The credit impact of the pandemic has not been uniform at the NYC single terminal project financings. La Guardia’s new central terminal finishes construction, reducing its credit risk profile, despite weaker traffic demand. Anchor tenant agreements by credit stressed airlines have been honored to date and provide key credit mitigation, depending on the airline. The severe decline and protracted recovery in air travel has resulted in the indefinite delay of JFK IAT’s terminal 4 expansion project. International travel remains limited, raising the doubts of the current need for the previously announced JFK transformation project. The PANYNJ has more limited resources now than before the pandemic, which could limit their ability to fund their previous capital commitments to large scale airport projects. However, air travel demand will return over time and the new facilities will need to meet traveler and airline demands in a post-COVID-19 world. This panel will discuss some of the key financing and credit considerations for PANYNJ and how such factors may also apply to other active projects.
Panel Jennifer Chang, VP-SA, Moody’s Global Infrastructure and Project Finance Group Kathrin Heitmann, VP-SA, Moody’s Global Infrastructure and Project Finance Group John Medina, VP-SCO, Moody’s Global Infrastructure and Project Finance Group
2:45 PM – 3:30 PM EST Virtual Room 4: How Do I Deliver a Project with the P3 Model? In this panel we discuss the key issues that airport authorities and public agency project owners must consider in conducting a project procurement: including structuring the agreement, conducting a fair and competitive procurement process, and negotiating a final agreement that is transparent and protects the public interest.
Presenters Seth Miller Gabriel, Director, BDO William Gorham, Vice President, Project Development and Partnering, Plenary Group Mary Scott Nabers, President, Strategic Partnerships, Inc. Michelle Rieger, Shareholder, Construction Practice Group Chair, Winstead PC
3:30 PM – 4:00 PM Virtual Room 1: Research Working for You – Tools and Tips for Implementing a P3 An introduction to the Airport Cooperative Research Program (ACRP), an industry–driven, applied research program that develops near-term, practical solutions to airport challenges. ACRP is authorized by Congress, sponsored by the Federal Aviation Administrations and managed by the Transportation Research Board (TRB) of the National Academies of Science, Engineering and Medicine. Several research projects have been funded for understanding the role of privatization and P3s in the airport environment.
Most recently, ACRP 03-46, Evaluating and Implementing Airport Privatization and Public-Private Partnerships: Guidance for Airport Decision Makers identifies lessons learned in the U.S. and international airport privatization models and provides airport practitioners and policymakers with guidance on strategies and capabilities necessary for achieving the benefits of successful implementation of privatization models. This guide includes an on-line decision-tree tool known as the Airport P3 Readiness Assessment tool and provides guidance with questions as well as the six outcomes made possible by input to the tool.
Presenters Louis D. Wolinetz, Principal Consultant, WSP Theresia H. Schatz, A.A.E. Senior Program Officer Airport Cooperative Research Program, National Academies of Sciences Engineering, and Medicine
3:30 PM – 4:00 PM Virtual Room 2: The Impact of COVID-19 on Airport Operations and Maintenance: Business as Usual P3s can include long-term operations and maintenance obligations that the private sector is responsible for delivering. O&M is a mounting challenge faced by airports across the country, and many P3 sponsors have stated that operations and maintenance services are one of the biggest reasons for considering a P3. We will discuss asset management strategies and how the inclusion of key deliverables in a P3 can help to maintain infrastructure and improve passenger experience. While also examining a number of active public-private partnerships and how operations and maintenance responsibilities have continued during the pandemic.
Presenters Claudio Andreetta, Director, Business Development, Public-Private Partnerships (P3), Johnson Controls, Inc. Gregory Johnson, Partner, Squire Patton Boggs, LLP Stuart McCluskie Vice President, Fengate Asset Management
3:30 PM – 4:00 PM Virtual Room 3: What is Value for Money? A Primer Not every infrastructure project can or should be delivered as a P3, and before initiating procurement as a P3 project, public agencies often undertake a business case analysis to determine whether a P3 is viable. The Value for Money (VfM) analysis was developed to compare the estimated total life cycle cost of a project implemented by a public agency with traditional infrastructure procurement vs. a P3 procurement. Some public agencies advocate a VfM be prepared at multiple stages of a project development and procurement, to help serve as a decision tool to ensure that the choice of a P3 procurement is the best long-term value proposition for the public sector at a given point in time based on the best information available. In this session we’ll review how VfM analyses are performed, including assessment of risk allocation, risk analysis and quantification of risks and adjustments to create an “apples to apples” comparison.
Presenter Michael Palmieri, President and Founder, p3point
3:30 PM – 4:00 PM Virtual Room 4: Enhancing Passenger Experience During and After COVID How is innovation and new technology allowing airports to reimagine terminal use and design to enhance the passenger experience while traveling? How will airport concessions, partnerships and branding add value and create identity for airport owners and airlines? How will flexibility in the layout and operation of F&B and retail operations in terminals makes it possible to adapt to volatility and uncertainty in airport traffic and airline economics? Join us for a one-on-one conversation with Rick Blatstein, CEO of OTG Management, a firm which operates cutting edge food and beverage concessions in EWR, IAH and other major terminals.
Presenters Rick Blatstein, CEO, OTG Management Allan Marks, Partner, Milbank LLP
4:00 PM – 5:00 PM Happy Hour – Video Networking Session Special Thanks to Our 2020 Diamond Sponsors
DAY 3: Friday, September 25, 2020 (note all sessions in ET)
12:00 PM – 12:30 PM Virtual Room 1: Top 10 Issues When Procuring To attract the right P3 consortium partners, airports must instill confidence in the procurement process and house the necessary expertise to support a pipeline of P3 projects. One way to do this is through a dedicated institutional framework designed to manage and guide programs and projects. Join this panel for a step-by-step review of 10 critical issues that must be addressed in a P3. Those issues include Vision, Political Champions, Communication, Community, Commitment, Experience, Funding, Staff, Time, and Access.
Presenters Roderick Devlin, Partner, Nixon Peabody Bryan Kendro, Senior Program Management Consultant, RS&H Sue Lee, Senior Managing Director, Ernst & Young Infrastructure Advisors, LLC Sallye Perrin, Senior Vice President, WSP
12:00 PM – 12:30 PM Virtual Room 2: How To Inject Private Sector Innovation into Your Airport Without a P3 (Part 2 of 2) Are P3s a non-starter but you still want private sector participation in your airport? This presentation will dive into the alternative forms where the private sector can inject into an airport innovation, efficiencies, a commercial culture and/or take operational risk without a P3.
Presenter Jorge Roberts, CEO, AvPORTS
12:00 PM – 12:30 PM Virtual Room 3: Global Insight: Ideas and Lessons Learned from Private Airport Operators Around the World Outside of the United States, airport privatization has been an accepted and evolving method of developing and operating airports. In this conversation we discuss P3 models from around the world, and look into innovative ideas and technologies being applied in P3 financing, development and operations.
Presenters Jean-Pierre Tabet, Managing Director, Munich Airport Steve Zehr, A.A.E., Independent Consultant to Hill International
12:45 PM – 1:15 PM Virtual Room 1: What Drives Private Sector Bidding? The panel will focus on presenting an assessment of what the private sector is looking for when deciding whether bidding on airport infrastructure project opportunities. The audience will get a better understanding on what makes a project attractive and how investors think COVID has changed the nature of risk evaluation and project document requirements. The conversation will also touch on potential project red flags for bid teams, and how public-sector procurers can avoid them, and ways they can try to get best results in a competitive process.
Moderator Larry Belinsky, Managing Director, Frasca & Associates, LLC
Panel Jim Burchetta, Managing Director, Oaktree Capital Jeremy Ebie, Managing Partner, Phoenix Infrastructure Group Stefano Mion, Senior Managing Director, Ardian Matthew Rinklin, Managing Director, GCM Grosvenor
12:45 PM – 1:15 PM Virtual Room 2: The Business of Airports Post-COVID Airports, and particularly airport P3s, are complex, ever changing entities that not only work like a big business, but serve as a critical economic engine for the entire community. And, while airport P3s and alternative delivery projects start out as a real estate and financing exercise, they transform into major construction projects which, upon completion, become multi-purpose business enterprises. The operations of these airports encompass airside activities, but also much more including hospitality, retail, baggage transport, parking, and rental operations. Join us for a discussion on the business of airports in a post-COVID world where our panel will share their insights and experiences and thinking now six months into the pandemic.
Moderator Brett Smith, CEO, Propeller Airports
Panel Nyika Allen, Director, Albuquerque International Sunport Airport Mark Duebner, Director of Aviation, Dallas Love Field
12:45 PM – 1:15 PM Virtual Room 3: Solving the Puzzle: Effective Project Delivery Selection Processes No one project delivery method is right for every project. Whether a project is airside or landside, vertical or horizontal, it is incumbent on airports to develop and faithfully utilize a robust project delivery method selection processes to ensure that it selects the right delivery method. In this session panelists will draw on their years of experience to discuss best practices for delivery method selection processes, including key factors to consider in relation to potential use of P3 as a delivery tool.
Moderator Jennifer Bales Drake, Shareholder, Becker
Panel David Boss, National Practice Consultant, HNTB Steve R. Forrer, Executive Vice President and Chief Investment Officer, AFCO Kyle Vinson, Vice President, Goldman Sachs
12:45 PM – 1:15 PM Virtual Room 4: How to Work with Your Advisors to Achieve Your Project Deliverables Walk through the development of a P3 project from the public sector point of view, with professionals in the field. Hear just what it is like in the room when public sector leaders speak with their advisors, asking difficult questions, and plot the course towards a successful project's delivery.
Presenters Victoria Boyne, Senior Associate, Orrick Branden Kiely, Vice President, The Concourse Group LLC Sandra McQuain, Director of Operations, England Airpark 1:30 PM – 2:00 PM Virtual Room 1: The Digital Transformation Journey Starts with Connecting In this session, we will provide the technology convergence flight plan to give your digital transformation wings. Today, airports have access to more information than ever before. By connecting building, business and aviation systems on a secure, intelligent infrastructure, data gathered from both inside and outside of the airport can be used to produce actionable insights to help manage airport operations more systemically, safely and efficiently. This intelligence can deliver outcomes like enhanced passenger experience, unlock new revenue streams and capture operational efficiencies that positively impact the bottom line. Join us for this unique discussion of the smart, connected, digitally transformed airport of the future.
Moderator Hank Monaco, Vice President, Johnson Controls
Presenters Brian Cobb, CIO, CVG Chad Pakett, Digital Sales Director, Johnson Controls Steve Tukavkin, VP Digital Transformation, JFK T4 (JFKIAT)
1:30 PM – 2:00 PM Virtual Room 2: COVID-19 as Catalyst for Airport Design Innovations Airports have responded quickly to the coronavirus by implementing procedural and physical changes that enhance passenger health and safety. How will COVID-19 change the way airports are designed in the future? Does P3 delivery change how designers create new projects? What role does technology play in a future airport environment? We ask airport architects about the challenges and most importantly, the opportunities, of designing in a post-pandemic world.
Moderator Steven Morris, Senior Vice President Aviation, Hill International
1:30 PM – 2:00 PM Virtual Room 3: Financing Challenges that Airport Issuers Face in a Post-COVID Environment and Potential Financing Alternatives In this session we examine the financial headwinds for airports projects and how issuers (airports, airlines, developers) are securing financing in a post-COVID environment. We will examine financing structures that airports/developers are exploring, including tax-exempt, taxable issues, equity, and a number of different government programs.
Moderator Marc McGrady, Vice President of Finance and Project Development, CAG Holdings
Panel Kevin Kone, Acting Chief Financial Officer, San Francisco International Airport Christopher A. Poinsatte, Executive Vice President and Chief Financial Officer, Dallas Fort Worth International Airport Robert DeMichiel, Managing Director, Citigroup Global Markets
1:30 PM – 2:00 PM Virtual Room 4: Innovative Ways to Avoid Construction Disputes – DRBs and Their Application Disputes and claims have been a part of construction projects for many years and oftentimes drag out well after the completion of the project, tying up valuable resources and adding costs. Actively managing the dispute or claim or, even better yet, helping avoid the claim or dispute entirely, saves time and money for all the parties involved. This workshop discusses how Dispute Review Boards (DRBs) have been used by airport projects and other complex construction projects to reduce and eliminate disputes. By having a DRB start at the beginning of a construction project, the DRB can often help involved parties avoid a dispute by being proactive with the parties in getting issues and disputes resolved while the project is on-going, so at the end of the project there are no remaining disputes. Our presenters will provide best practices for developing DRBs for P3 Projects and other project delivery methods.
Moderator Elizabeth A. Tippin, Esq., FCIArb, LEED AP
Panel Robert Cedano, Esq., FCIArb Deborah B. Mastin, Esq., FCIArb Harold McKittrick, President, McKittrick and Associates, Inc.
2:00 PM – 2:30 PM 30 Minute Break: Virtual Expo Hall Tour / Digital 1 on 1s Special Thanks to Our 2020 Platinum Sponsors 2:30 PM – 3:00 PM Virtual Room 1: Structuring Retail Concessions in Airport P3s A discussion of the various options available to airport owners to privatize retail concessions including their inclusion in airport P3 projects. This session reviews the transfer of revenue risk to the private sector and the appropriate level of owner oversight for a private sector managed concessions program. Panelists will also discuss the potential for innovations to drive sales growth and projecting airport retail concession revenues. Join us to hear directly from the airport owners and the retail concessionaires on what did and did not work in structuring these transactions.
Moderator Allan Marks, Partner, Milbank LLP
Panel Bob Helman, Chief Operating Officer, Aero Service Group Brian Mulcahy, Director of Finance, Des Moines International Airport Glen Ryniewski, Assistant Commissioner of Concessions and Customer Service, Chicago Department of Aviation Ricky Smith, Executive Director, Baltimore-Washington International Thurgood Marshall Airport
2:30 PM – 3:15 PM Virtual Room 2: Applying Design-Build Best Practices to Airport Project Delivery In this session we will discuss the intersection of current design-build practices and how they should be adapted for projects. With a collaborative delivery inherently embedded in almost any alternative delivery approach, mastering the design-build learning curve is fundamental to successfully implementing projects. The panel will focus on identifying key issues and risk transfer considerations unique to design-build delivery followed by an interactive discussion addressing key implementation issues. What are the preparation steps needed to implement a project without prior hands-on design-build experience? How does the fixed price design-build approach translate to a procurement, particularly in relation to prescriptive versus performance-based requirements? Is there a progressive design-build option within the DB framework? How does the risk transfer and securitization of existing DBO models compare to traditional delivery? And how can commissioning approaches and acceptance metrics for design-build and DBO projects be applied in today’s environment?
Moderator Jacinta Ching, Advisory Services, WSP
Presenters Jose de Almagro, Senior Vice President, HNTB Indhira Figuereo, Vice President/ Northeast-Central Regions Aviation Principal, WSP
3:15 PM – 4:00 PM Closing Discussion - Thinking About Next Steps? Where to Go From Here? In this closing conversation, we will provide a summary of the major concerns and themes discussed in this year's program, and how the benefits, values, and applications of alternative delivery models may provide airports in the design, building, financing, and operations & maintenance of their facilities.
Presenters Tad Guleserian, Managing Director, CRC Companies Jim Ray, Corporate President, HNTB
4:00 PM – 5:00 PM Networking Hour Special Thanks to Our 2020 Platinum Sponsors 5:00 PM 2020 Summit Concludes