Cost
In May 2005, the federal government, which owns the land, announced it was cutting rent costs by 54%. The rent reductions will cut the cost of the lease by approximately $840 million CAD between 2006–2020, or $5.0 billion CAD over the term of the lease, which ends in 2052. Currently, the airport authority pays about $80 million CAD each year in rent.
Passengers traveling through YVR are no longer required to pay a separate Airport Improvement Fee; it now is included in the price of a ticket.
Read more about this topic: Vancouver International Airport
Famous quotes containing the word cost:
“One must always be aware, to notice—even though the cost of noticing is to become responsible.”
—Thylias Moss, African American poet. As quoted in the Wall Street Journal (May 12, 1994)
“To become a token woman—whether you win the Nobel Prize or merely get tenure at the cost of denying your sisters—is to become something less than a man ... since men are loyal at least to their own world-view, their laws of brotherhood and self-interest.”
—Adrienne Rich (b. 1929)
“To call a posit a posit is not to patronize it. A posit can be unavoidable except at the cost of other no less artificial expedients. Everything to which we concede existence is a posit from the standpoint of a description of the theory-building process, and simultaneously real from the standpoint of the theory that is being built.”
—Willard Van Orman Quine (b. 1908)