The Ottawa Airport plays an essential role in the economic growth of the National Capital Region, servicing the needs of millions of travellers each year.The launch of the National Airports Policy in 1994 resulted in the creation of local Airport Authorities across the country. The Ottawa International Airport Authority was established in 1997 after the assembly of a community-based Board of Directors who were tasked with overseeing the management of the airport.Since the Airport Authority was established, a number of milestones were reached that have created more opportunity and economic growth for the communities of Ottawa and Gatineau:* The construction and opening of a U.S. pre-clearance facility;* The construction and opening of the new Combined Services Building, providing a new home for the Airport Fire Department, and operational vehicle maintenance operations;* A new central de-icing facility;* A new 650,000 square foot Passenger Terminal Building, and 4-level parking facility that opened in October of 2003;* Paid $50M + in rent to the federal government since 1997; and,* Injected almost $400M in wages, operational costs and capital costs into the local economy since 1997.Since the opening of the Passenger Terminal Building, passenger volumes have grown significantly. The parking facility is nearing capacity, necessitating an expansion that is already in the planning stages. Scheduled to be completed in June of 2006, the project will build 900 spots on what is currently the 350-space P3 Surface and Overheight parking lot immediately behind the parkade, for a net gain of 550 new spaces.Without any government funding whatsoever, the Ottawa International Airport has increased development on airport property, has implemented many environmental protection measures, and reinvested surplus revenues into improving airport operations.The community has embraced the changes that we have made over the years, and understand that decisions have been made based on thoughtful consideration, community consultation, and a prudent approach to financial management.Future development will be done with the same responsible approach, and in keeping with the priorities set out in the Authority’s Strategic and Master Plans.The sky is the limit.