Impact of New Airport on Real Estate

[GoodWitch58]

It will be interesting to see how it plays out in the short term. According to this Boardings down at area airports | airport, percent, business - News - Northwest Florida Daily News traffic at all the area airports is down at the moment.

Since the airlines make decisions about direct flights and schedules based on the demand from or to an area, it is difficult for me to see how this will have much of a short term impact. We do not fully utilize the airport facilities we have now. The Chamber and the TDCs in the area are working hard to lure Southwest--but, from a business point of view, why would Southwest come here, unless there was a demonstrable demand?

I agree with Kurt that 20 years or so down the road, things will be different--I just don't see where much will change next year. I have not seen the Market Research that supports a huge influx of people--visitors or otherwise.

 

[30ashopper]

A key issue is whether there will be direct flights from the midwest (Detroit/Chicago), New England, and elsewhere. People from the northern and distant states are more likely to vacation in SoWal and buy in SoWal if there are direct flights and inexpensive flights. Right now, it's significant less expensive to fly into other parts of Florida and there are direct flights (which make it easier and faster). So, let's hope for direct and less expensive flights if we want to encourage people from distant places in the US to come to SoWal (those of us from the midwest are OK to have around ). I'm hoping Northwest/Delta get a direct flight to the new airport.

I've always enjoyed the little junket flights down from Atlanta to here. It makes me feel as if I'm off to some exotic, hidden paradise. A major airport in the area IMHO ruins some of the appeal.

 

[Busta Hustle]

So far the "anticipation" of the new airport (opening2010?) is not slowing down price declines or spurring increases in sales. However the increasing foreclosures and price declines are helping sales numbers. So we got that going for us.

 

[Bobby J]

I think like many the airport impact will not be felt right away but will give the area more press and much needed jobs. It is really hard to gage what kind of impact it will have. I think during the boom many were using it as a selling tool. I could never really get my hands around what the impact would be but I also grew up next door to Seaside and never really saw the impact of that one until it was almost built out. We would look over from Dogwood street and say, huh? That man must be crazy!

 

[Kurt]

I think like many the airport impact will not be felt right away but will give the area more press and much needed jobs. It is really hard to gage what kind of impact it will have. I think during the boom many were using it as a selling tool. I could never really get my hands around what the impact would be but I also grew up next door to Seaside and never really saw the impact of that one until it was almost built out. We would look over from Dogwood street and say, huh? That man must be crazy!

People called him every name in the book. St. Joe now gets all of it. Seems like 75% said nowadays is negative or 75% is positive, depending on which way your head is turned. It all adds up to 150% of hot air. The other 25% is watching the sun rise and set.

Meanwhile, the West Bay Sector north to the interstate and Panama City Beach is set to become the largest population center between Jacksonville and New Orleans.

Mobile to Appalachicola = metroplis

 

[blapaglia]

What do you mean by the West Bay sector? Thank you.