SMO

WJ Advisors LLC was retained by the City of Santa Monica to establish a new landing fee rate at SMO. As part of this effort, we established airport cost centers to allocate the cost of operating, maintaining and improving SMO facilities between aeronautical and non-aeronautical users, reviewed trends in aviation activity as well as operating expenses and capital expenditures at SMO, and developed certain tools for use by city and airport management each year to recalculate the landing fee rate. We also developed considerations as well as advantages and disadvantages associated with alternative methodologies for calculating the landing fee rate. The recommended landing fee rate is currently in effect.