PBIA faces some competition from larger South Florida airports in the vicinity (Fort Lauderdale/Broward County; A+/Stable and Miami; A/Stable) and has experienced moderate historical traffic volatility.
PBIA's airline costs are exceptionally competitive for the South Florida market, with cost per enplanement (CPE) expected to remain in the $5-$6 range over the near-to-medium term, in contrast to rising costs at nearby competitors.
Going forward, PBIA's five-year capital improvement plan (CIP) is considered modest at approximately $84 million, as well as $139 million of projects currently underway.
estimated a 50-ha plot would generate about P8 million in revenues for communities involved.
The PBIA would raise money for projects by collecting a two-tenths of one percent assessment on property values from downtown building owners.
"The PBIA is taking a fund, if you will, and putting it directly to the benefit of downtown properties" said Jim Bjerke, who owns Pacific Continental Realty.
Plus, he works sidewalk improvements and beautification projects into his new developments, so he wouldn't really get much direct benefit from the PBIA, he said.
The PBIA, known in the Spanish-speaking countries as the Asociacion de Presupuesto Publico (ASIP), is a private nonprofit international institution created more than a quarter of a century ago with the purpose of helping countries to modernize the techniques used in the preparation of their national, provincial, and municipal budgets.
The PBIA's purposes are the study, analysis, research, and publication of matters related to public finance and similar disciplines.