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:
“In the early days of the world, the Almighty said to the first of our race “In the sweat of thy face shalt thou eat bread”; and since then, if we except the light and the air of heaven, no good thing has been, or can be enjoyed by us, without having first cost labour.”
—Abraham Lincoln (1809–1865)
“Life! Life! Don’t let us go to life for our fulfilment or our experience. It is a thing narrowed by circumstances, incoherent in its utterance, and without that fine correspondence of form and spirit which is the only thing that can satisfy the artistic and critical temperament. It makes us pay too high a price for its wares, and we purchase the meanest of its secrets at a cost that is monstrous and infinite.”
—Oscar Wilde (1854–1900)
“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)