๐บ GIS Layers โ
โฌก Atlas โ
โ TPA Tool โ
ACTIVE RFP ยท Los Angeles World Airports ยท VNY 16425 Hart Street
Enginuity
Scenario Planning Intelligence โ Van Nuys Airport Lease Redevelopment
10
Acres
Non-FBO
Operation Type
6
RFPs at VNY
35
Acres LAWA Release
30yr
Tenant Displacing
๐
DEMAND ORACLE
Bidder scenarios, revenue per acre, trigger thresholds
โผ
Signature Aviation
Est. Rent/Acre/Yr
$185K
Capital Investment
$45M
Hangar Capacity
40+ jets
Operational Model
Full-service jet
FAA Risk
HIGH
Atlantic Aviation
Est. Rent/Acre/Yr
$165K
Capital Investment
$35M
Hangar Capacity
30 jets
Operational Model
Mixed GA/jet
FAA Risk
MEDIUM
Aeroplex / Centerline
Est. Rent/Acre/Yr
$120K
Capital Investment
$18M
Hangar Capacity
20 mixed
Operational Model
Hybrid prop+jet
FAA Risk
LOW
Select Primary Bidder Scenario
Signature Aviation โ Full Jet Conversion
Atlantic Aviation โ Mixed GA/Jet
Aeroplex/Centerline โ Hybrid Operator
Projected Annual Rent ($/acre)
$150K
Current SW Aviation Rent ($/acre/yr)
Jet Operations/Day Target
50
Additional Context
Run Demand Analysis
โฑ
MERIDIAN
Phased development timeline โ transition, construction, operations
โผ
Phase 0 โ Tenant Transition (Months 0โ12)
Southwest Aviation lease termination, existing tenant relocation, environmental baseline assessment, CEQA initial study filing
Phase 1 โ Entitlements & Design (Months 6โ18)
VNY Specific Plan amendment review, FAA Part 13/16 compliance filing, CEQA EIR process, community engagement (VNY CAC, neighborhood councils)
Phase 2 โ Demolition & Site Prep (Months 18โ24)
Existing structure demolition, Hayvenhurst lot integration, utility infrastructure upgrades, taxiway reconfiguration
Phase 3 โ Construction (Months 24โ42)
Hangar construction (12,500+ lb aircraft rated), terminal/FBO building, ramp and apron paving, fuel farm installation
Phase 4 โ Operations Launch (Months 42โ48)
FAA certification, tenant move-in, phased ramp-up of jet operations, community monitoring program activation
Development Concept
Full Jet FBO Conversion
Hybrid Prop + Jet
Boutique Private Terminal
SW Aviation Transition Scenario
Cooperative โ Negotiated exit with relocation
Contested โ Litigation-driven, 12โ24 month delay
Holdover โ Month-to-month during construction
CEQA Timeline Assumption
Mitigated Negative Declaration (6โ9 months)
Full EIR Required (18โ24 months)
EIR + Legal Challenge (24โ36 months)
Construction Budget ($M)
$35M
Run Timeline Analysis
๐ญ
CHORUS
Stakeholder simulation โ interests, positions, influence mapping
โผ
Pro-Development
LAWA Executive Staff
POWER
Signature Aviation
BIDDER
Atlantic Aviation
BIDDER
LA City Council (Dist. 6)
POLITICAL
Opposition / Concerned
Southwest Aviation
LITIGANT
VNY CAC
COMMUNITY
Encino NC
COMMUNITY
FAA Grants Division
REGULATOR
Focus Stakeholder
LAWA โ Airport Operator
Southwest Aviation โ Existing Tenant
Signature Aviation โ Potential Bidder
Atlantic Aviation โ Potential Bidder
FAA โ Federal Regulator
VNY Citizens Advisory Council
Encino Neighborhood Council
Van Nuys Neighborhood Council
LA City Council โ District 6
Scenario to Simulate
Full jet conversion announced
Hybrid prop/jet proposal presented
Rent more than doubles for all tenants
FAA Part 16 complaint filed
CEQA legal challenge initiated
Southwest Aviation class action filed
Additional Stakeholder Context
Run Stakeholder Simulation
๐บ
ATLAS
Development concepts โ scored on revenue, community, regulatory risk, FAA compliance
โผ
Concept A: Full Jet FBO
Revenue Potential
9/10
Community Impact
2/10
Regulatory Risk
8/10
FAA Compliance
3/10
Concept B: Hybrid Prop+Jet
Revenue Potential
6/10
Community Impact
6/10
Regulatory Risk
4/10
FAA Compliance
8/10
Concept C: Boutique Terminal
Revenue Potential
7/10
Community Impact
5/10
Regulatory Risk
5/10
FAA Compliance
6/10
Primary Concept to Analyze
Concept A: Full Jet FBO
Concept B: Hybrid Prop+Jet
Concept C: Boutique Private Terminal
Compare All Three Concepts
Weighting Priority
Maximize Revenue
Balanced Approach
Minimize Regulatory Risk
Community Acceptance Priority
Hayvenhurst Lot Integration
Combined with Hart St (full 10+ acres)
Separate development phasing
Excluded โ too legally contested
Lease Term Assumption
30-year ground lease
40-year ground lease
50-year ground lease
Run Concept Analysis
๐ฎ
ORACLE
Robustness analysis โ Specific Plan, FAA ruling, litigation outcomes
โผ
Uncertainty 1: Specific Plan
2006 VNY Specific Plan under revision. New leases before update = legal gray zone. Amendment could restrict or enable jet operations.
Uncertainty 2: FAA Part 13/16
Grant assurances require equal access for all aeronautical uses. Excluding props for jets may trigger FAA enforcement and loss of AIP funding.
Uncertainty 3: Litigation
Southwest Aviation threatened class action. CEQA challenges from community groups. Hayvenhurst lot zoning authority legally contested.
Specific Plan Outcome
Favorable โ Allows jet conversion
Restrictive โ Limits jet operations
Delayed โ No update for 3+ years
Hybrid โ Allows mixed use only
FAA Ruling Outcome
Compliant โ No grant issues
Conditional โ Must maintain prop access
Violation โ Grant funding at risk
Litigation Outcome
All suits dismissed
Settlement โ tenant relocation costs
Injunction โ 18+ month delay
Class action certified โ major liability
Risk Tolerance
Moderate
Run Robustness Analysis
Overview
Site
Scenarios
Output