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:
“The Fountaine of parents duties is Love....Great reason there is why this affection should be fast fixed towards their children. For great is that paine, cost, and care, which parents must undergoe for their children. But if love be in them, no paine, paines, cost or care will seeme too much.”
—William Gouge (20th century)
“Every new stroke of civilization has cost the lives of countless brave men, who have fallen defeated by the “dragon,” in their efforts to win the apples of the Hesperides, or the fleece of gold. Fallen in their efforts to overcome the old, half sordid savagery of the lower stages of creation, and win the next stage.”
—D.H. (David Herbert)
“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)