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Economic Contributions of Continental Airlines' Operations at Newark International Airport to the Regional Economy
The Situation
Continental Airlines proposed the construction of a major terminal facility at Newark Airport.
NERA's Role
NERA developed a REMI model for a three-area region that included (1) Newark; (2) the rest of New Jersey; and (3) New York City. NERA then developed detailed input assessments, which included detailed estimates of tourism and spending effects in New Jersey and New York City. NERA prepared a major report describing the economic contributions of Continental’s operations to the three regions.
The Result
The results of the NERA study were presented by the President of Continental Airlines to a group that included senior local and State officials (including the Mayor of Newark and the Governor of New Jersey). Continental received authority to develop the new terminal.