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:
“If music in general is an imitation of history, opera in particular is an imitation of human willfulness; it is rooted in the fact that we not only have feelings but insist upon having them at whatever cost to ourselves.... The quality common to all the great operatic roles, e.g., Don Giovanni, Norma, Lucia, Tristan, Isolde, Brünnhilde, is that each of them is a passionate and willful state of being. In real life they would all be bores, even Don Giovanni.”
—W.H. (Wystan Hugh)
“It breedeth no small offence and scandal to see and consider upon the one part the curiosity and cost bestowed by all sorts of men upon their private houses; and on the other part the unclean and negligent order and spare keeping of the houses of prayer by permitting open decays and ruins of coverings of walls and windows, and by appointing unmeet and unseemly tables with foul cloths for the communion of the sacrament.”
—Elizabeth I (1533–1603)
“How much would it cost you to stand at the wrong end of a shooting gallery?”
—S.J. Perelman, U.S. screenwriter, Bert Kalmar, Harry Ruby, and Norman Z. McLeod. Groucho Marx, Horsefeathers, Huxley College president to con artist Baravelli (Chico Marx)