Dr. Lynn 0. Michaelis - Des Moines Fieldhouse Testimony To Aviation Subcommittee 03-18-1996

on the third runway at Sea-Tac Airport Des Moines Field House March 18, 1996 by Dr. Lynn 0. Michaelis First, I must make perfectly clear that the comments contained in the testimony are my personal views and in no way reflect the opinion or position of my employer, the Weyerhaeuser Company. I am a professional economist that happens to have been adversely affected by the expansion of Sea-Tac airport and have actively followed the the third runway proposal. I am also a frequent flier and recognize the importance of a well run airport to the overall success of any regional economy. Second, because of the time limitation of the testimony I have chosen to restrict my testimony to a few crucial issues. I will focus on whether the economics of the third runway are sound and whether federal funding is required. I believe that Federal funding is merely a way to avoid resolving the issue correctly--at the local level. The Port of Seattle has created an operations demand projection that is correct only if you use their current pricing scheme, which I feel is inappropriate for allocating a scarce resource-- operating slots Finally, I feel that the overall subsidization of the airline industry is forcing some individuals to pay a disproportionate share of the cost of airport operations. Government generally plays the role of correcting implicit subsidies that involve high uncompensated .costs, such as air pollution, noise pollution or water pollution. For some reason, the airline industry has been immune…

Open full document

Upcoming Events

PSCAA Advisory Council Meeting Agenda
Add to CalendarMWednesday Mar 11, 9:00am - 11:35am
1904 3rd Avenue, Suite 105, Seattle, WA 98101
Call to order – Roll Call – Quorum Established – Land Acknowledgement We would like to acknowledge that our Agency operates in four present-day counties, which are the traditional lands of the Coast Salish people, past and present. This acknowledgement does not take the place of authentic relationships with indigenous communities in our jurisdiction and [...]