The promise and challenge of brownfield aerotropolises
Recent research on large US metropolitan regions has found that employment on or near major airports can be substantial. At the same time, a casual survey suggests that the physical growth and employment generation of many planned airport cities and aerotropolises is less than encouraging.1 This chapter is directed towards addressing the apparent paradox of significant employment in airport areas, on the one hand, and poorly performing speculative airport city/aerotropolis development projects, on the other.2 The aim is practical: to aid stakeholders in making decisions about development efforts and investments. As in other types of real estate development, the financial risks can be substantial. The orientation is exploratory. A tentative approach to addressing the paradox is identified and discussed.