Uh Jeff Gaither?

Here.

Brian Goodwin?

Here.

Kevin McClamour.

Kurt Schlater?

Here.

And Brett Voorhees?

Here.

And Brian Thule for legal counsel.

Here.

Madam President, you have a form to proceed.

All right.

Next is approval of the minutes from the January 16th, 2026 meeting.

Do we have a motion?

Motion to approve.

Second.

Any discussion?

Take a roll call.

For the January 16th, 2026 meeting minutes.

You have a first motion by Ryan Goodwin.

Second motion by Maimon Powers.

Barbara Glass?

Aye.

Aye.

Good morning.

Aye.

Eric Dozier.

No.

Jeff Gaether?

Aye.

Brian Goodwin.

Aye.

Kevin McClamar.

Slater.

All right.

Right Forhees.

Aye.

President, you need a proval.

Okay.

Next we have the public hearing for general ordinance number 01-2026.

Robert Thompson.

Oh, do you want me to describe it first?

Okay.

So we introduced this ordinance, which is the general bond ordinance, and it is just a consolidation and restatement of the many, the original ordinance from 2014 and supplemental.

The main reason that this is being done is because some of the reserve funds were changed, modified, and then a reserve fund was added.

That was due to uh the hotel being part of the financial infrastructure of the airport.

So open the public hearing.

Do we have any in the public here?

Please consider for approval and adoption general ordinance number one, 2026, which is the revised master bond ordinance, which consolidates and restates the bond ordinance 5-24.

We have a motion.

So moved.

Second.

Any discussion.

For BP 2026-02-01.

You have first motion by Jeff Gaither.

Second motion by Ryan Goodwin.

Barbara Glass?

Aye.

Mayman Powers?

Aye.

Mika Catchings?

Aye.

Jeff Gaither?

Aye.

Brian Goodwin?

Aye.

Tobin McClellar.

Aye.

Yes.

Aye.

Okay.

Um consider for approval adoption resolution number 04-2026.

Marshall Worcester.

Morning members board.

Consider for approval and adoption resolution for 2026 for the leads agreement with Air Express International USA Inc.

doing business as DHL Global Forwarding.

DHL provides air cargo logistics services and has been a tenant of the IMC since May of 2019.

Their current footprint is just over 19,000 square feet in the supply building.

They have approached us for additional warehouse space, and this lease will provide just over 17,000 additional square footage space within the interior shop of the IMC.

DHL will be responsible for installing uh a security fence to delineate their space within the interior shop.

They will install a new roll-up door to provide access to the common corridor along with their own refrigeration components.

The lease term will begin March 1, 2026 and run through May 31, 2027, which is coterminous with their existing lease term.

The rental rate will be 154,917 annually, and the rental escalates by 3% beginning January 1, 2027.

The authority will be responsible for the warehouse utilities, not including uh their their uh submeters refrigeration, uh the structural maintenance repairs uh and replacements, air conditioning, electrical heating, management.

Uh this lease enables the continued growth in our air cargo uh activity uh at IND supporting critical supply chain needs for central Indiana and beyond okay.

Do I have a motion?

Second um any discussion or questions for Marsha for BP 2026-02-02 for resolution 04 2026, first motion by Payman Powers, second motion by Ryan Goodwin, Barbara Glass?

Aye, Tam Powers, aye catchings, ayezer, aye and goodwin, aye.

All right.

All right.

For the board report, I would like to congratulate one of our own Damon Powers.

Recently received the um G May's Excellence and Entrepreneurship Award as part of the 19th annual champions of impact awards presented by the Recorder Media Group.

So Mayman, congratulations.

We're putting together.

Back on to the general um agenda.

Thank you.

Considered for approval for concessions agreements with CC holdings in an Indiana-based company to operate local brands, Java Health Fistro, and Lyft Off, featuring Daredevil Brewing Company in Concourse A, Shapiro's and Concourse B and Concessions Development Development Location and Civic Plaza.

I would like to start by recognizing our incredible airport authority team that helped guide this process, leading to the recommendations that we're bringing to you today.

This includes our concessions team, a multi-generational cross-departmental selection team of staff, numerous subject matter experts, numerous supporting departments, the terminal optimization committee, and individual third member supporter.

These four agreements represent uh being presented for approval today, represent the authorities' commitment uh to delivering an airport experience that truly reflects Indiana culture, supports local businesses, and will deliver measurable public value.

This is the location uh being shown on the screen up here.

Uh so you see where these four new locations will be.

This recommendation follows extensive community outreach and engagement that we had conducted over a significant period of time.

We were able to attract 21 submissions with 39 different concepts.

We had seven held 17 interviews uh and then went through a rigorous internal review to make the selection of the recommendations we're bringing before you today.

If you wouldn't mind switching to the other side, Matt.

Thank you.

So today we we present for CC Holdings, who's a proven and successful Indiana-based company founded and led by CEO Kim Hendron.

She was selected to four or her firm was selected to um operate these four new locations, which will feature local Indiana brands as you see featured on the screen today, including a new developmental incubator space that gives emerging Indy culinary talent a rare chance to have access to the over 10 million people that pass through this terminal flying uh each year.

Kim is here with us today.

You see numerous representatives of her team who have joined and for her brand partners, local brand representatives, business partners, and following my remarks.

I will just ask him if she wouldn't mind to step forward and they just brief when I'm finished.

Oh, I'll be sorry.

I gotta go through the business.

Today's recommendation as recommendations add three well-known local names to our food and beverage offerings as well as the developmental space.

So you'll see on the screen we have lift off featuring the Daredevil Green Company, founded in Speedway, Indiana, that will bring this locally rooted pub-style craft beer experience to Concourse A, as we showed on the last slide.

Um beers are um award-winning, like the lift off IPA, Indie Lager, and then we'll bring alongside that indie-inspired food offerings.

Uh, then we have the Java House Bistro established in Carmel.

Uh, this will deliver an elevated cafe experience again on Concourse A, featuring um their cold brew coffees and a chef-driven menu.

We will also have uh Shapiro's will remain on Concourse B, the 120-year uh Indianapolis institution who has been here in the terminal in Concourse B since we opened in 2008.

There will be a refreshed design and traveler friendly offerings in this space on Concourse B.

And then lastly, our concessions development location where the Nature's Table sits in Civic Plaza Today, free security is where this space will become a rotating incubator for easy-based feed brands, providing emerging local concepts with mentorship, airport exposure, and operational support while keeping uh the concessions program dynamic and community focused.

So these were um proposals best aligned with the objectives of the RFP uh that we uh issued and a Hoosier Hospitality sense of place.

The business terms include a minimum capital investment by CC Holdings of $2.4 million for the build-out of these locations.

The concessions location, the concessions development location will include a provision for a rental credit of up to $500,000 for the build out of that space and the rebuild out and remodel.

Uh again, that will be the place that will feature the uh local and emerging indics that would otherwise be limited and unable to um afford the startup and build-out cost of a typical airport space.

The rental fee um CC holdings will pay a rental fee for each of these locations, and as well as a common use fee that all uh tenants' concessions tenants pay.

The Shapiro's and Java House uh concession fee will represent 11% of gross sales, lift off featuring daredevil brewing will represent 12% of gross sales and the concessions development space six percent of gross sales.

This will be a 10-year term beginning January 1, 2028 through December 2037.

The minimum annual guarantees uh will be adjusted uh annually and will never fall below the prior year mag.

Uh TC Holdings has also established a strategic partnership with a local operator and equity partner, Corbett Airport Investments, uh, to develop and promote local brands.

This collaboration will empower emergency emerging businesses, broaden economic opportunities, and deliver tangible public value for the Indianapolis community.

The revenue is forecast to the authority in excess of $6.6 million over the 10-year term.

Umstruction uh will begin soon uh in 2026 for lift off Daredevil Brewing and Java House when those new offerings will be opened by the end of this year, and then the Shapiro's refresh and the concessions development location uh construction will occur and complete in 2027.

Today the board is being asked to execute four concessions agreements with CC Holdings to operate and manage these concepts.

And now, Kim, if I could ask you to just step forward and say if say a few words.

Thank you all very much for having me here.

Thank you, Marcia.

Thank you, Mario, and thank you to everybody on the board.

It's such an honor truly to be here.

I've been a long time operator out at the airport, as you all probably know, going on almost 35 years.

So we've operated local brands and and national brands.

And this is really a for us a culmination of everything coming together.

We have such fantastic uh local brands that we are thrilled to introduce here.

Uh, Chef Steve Oakley, what a gift to have him to be a part of our team and really elevate what we think we're able to bring as far as uh airport dining.

We really wanted to be a bit elevated above what maybe our normal experience has always been as travelers.

So uh Steve has just been you know an integrated part of what we've brought through today and will be a part of our team going forward.

So we're thrilled to have him a part of that.

Uh Dave and Chris and Corbin have been partners of ours in the past, so it's lovely to have another opportunity to partner with them and their influence in the city.

We feel like will just be insurmountable.

And again, we're looking at ways to bring unique experiences within civic plaza, introduce some different things that maybe the uh airport or food operators have not introduced in the past.

So it's been a blessing to be a part of this.

Uh we hope to exceed your expectations.

We know it'll be collaborative uh through the years, particularly with the incubator space.

Of course, as I started as a young entrepreneur, great opportunity for me to uh extend that and help develop other opportunities for entrepreneurs and uh with our team.

I think that there'll be some opportunities to mentor them and ready them for their next steps of growth.

And it's just an honor to be able to be a part of that.

So thank you all for allowing me to do so.

With that, um I have a motion.

course as I started as a young entrepreneur great opportunity for me to uh extend that and help develop other opportunities for entrepreneurs and and uh with our team I think that there'll be some opportunities to mentor them and ready them for their next steps of growth and it's just an honor to be able to be a part of that so thank you all for allowing me to do so with that um do I have a motion so move second okay any um discussion questions have questions okay you're not for you guys this time um you mentioned uh um the incubator space or development space um said up to 500 000 i thought it was 500 so if they don't spend 500 000 it would just be the amount they spend on construction oh okay that to 5000 if they spent that on construction then they would okay great um and from the term op team uh just everybody did a great job from the staff um to the consultants team uh you guys did a great job really need to see the local participation that we're able to get um so great great job much yeah great job okay any further discussion we'll take a vote for bp 2026 02 03 you have a first motion by brett voorhees second motion by maybe barber glass aye maman powers aye to make you catchings aye defether aye brian good aye mclair schlater aye brett vohes aye present you have your name bp 2026 two four marcia consider for approval on FTZ operator agreement and the issuance of a grantee sponsorship letter with simba US LLC to facilitate access to the federal FTZ program just sort of to give an update the FT FTZ program here currently has 23 active operators along with four approved operators awaiting activation three additional operators who have submitted their applications to the board in Washington DC and five companies who have submitted designation request laid letters we are looking at potentially 35 active operators in 2026 FIMT US LLC operates a con contract development and manufacturing organization that provides pharmaceutical manufacturing services particularly for complex sterile and festivals centra is seeking FTZ subdup subzone designation at its facilities located in Bloomington which sit on approximately 28 acres and includes facilities spanning more than 1.2 million square feet um that's the size of the terminal uh just to give you an order of magnitude of the space they have in Bloomington um they currently employ just over 1400 individuals and anticipate adding an additional 400 positions after their FTZ activation the grantee fees are anticipated to be 4000 a month or 48000 annually and this agreement facilitates cost savings and operational efficiencies for these approved FTZ operators supports economic growth within our region and was approved and recommended by the FCC okay do we have a motion so moved second discussion take a both for bp 2026 0204 you have a first motion by Jeff Gaither second motion by Ryan Goodwin barber glass aye powers aye cutings aye def Gaither aye Brian Goodwin McLamar Schlater all right voyez aye present UV NAS approval BP 2026 2-5 march yours you consider for approval and FTD operator agreement and the issuance of a granted sponsorship letter with RAPTEC transportation systems LLC to facilitate access to the federal FCC program RabTAC transportation systems is a manufacturer of products for the rail and transit industry such as locomotives off highway vehicle wheels inverters and brake systems and diesel locomotive engines Wab tech has requested uh access to the FTZ program to utilize their proposed site as a distribution center for shipping and receiving warehousing and sale of imported or manufactured products they're seeking FTZ designation for 397000 square foot facility in plainfield which sits on just under nine acres they currently employ 58 individuals with an estimated payroll in excess of 3.3 million dollars they would also have um a 4800 annual 4800 annual grantee fee again uh facilitating cost savings and operating efficiencies and supporting economic growth within our region we have a motion moved second any discussion take a vote for bp 26 02 05 you have a first motion by Ryan Goodwin second motion by mimin powers barber glass aye powers aye catchings aye brian goodwin aye schlater all right present you have you name

Take a vote.

For BP 26-02-05.

You have a first motion by Ryan Goodwin.

Second motion by Maiman Powers, Barber Glass.

Aye.

Aye.

Mickey Ketchings.

Aye.

Steph Gaither.

All right.

Ryan Goodwin.

Hi.

President, you have your NASA approval.

2026-2-6, Marshall Worster.

Thank you.

Considered for approval a land and building lease agreement with Live Safe LLC for a five-year term, missing March 1, 2026.

Through February 28, 2031, with two five-year renewal terms.

Subsequently constructed a second hangar in 2006.

This land lease agreement was assigned in November of 23 to a new ownership group known as Eagle Legacy LLD.

The term of the land lease agreement expired on December 31, 2025, and has been uh continuing on a month-to-month basis while we finalize the negotiations.

The owner of the aircraft housed within the hangars has been recognized into a new entity called Fly Safe LLC.

The terms again, as I mentioned, would be five years with two five-year renewals.

The annual rental uh during the primary term is $57,000.

That's a rental increase of over $31,000.

As this is switched from what was a land lease to a land and improvements lease.

Extension terms would be adjusted by CPI.

This lease supports general aviation demand for flight activity and corporate aircraft stories at Metropolitan Airport.

Okay, do we have a motion?

Removed.

Second.

Any discussion?

Take a vote.

For BP 2026-02-06.

You have a first motion by Jeff Gaither, second motion by Ryan Goodwin.

Far class?

Aye.

Haman Powers.

Aye.

Mr.

Catchings.

Aye.

Jeff Gaither.

Aye.

Hi.

Kevin McClamour.

Aye.

Brett Voorhees.

Aye.

2026-2-7.

Any goldspin.

Uh good morning, Madam President, members of the board.

I would ask that you consider for approval an award of contract for the 2026 Network Refresh Project, the Network Solutions Inc.

in an amount not to exceed 1,998,393.

Good morning.

I hope everybody's having ready.

And it is kind of the beating heart of technology in our powers everything from mobile computing to public Wi-Fi to physical security components.

And the equipment that we currently have has reached the end of its useful life and needs to be replaced.

Over the course of the last year, we've investigated equipment from a number of different manufacturers, and we've talked with different resellers and implementation partners, both local and national.

And we've investigated purchases through a number of different purchasing vehicles that we have available to us.

All of that was to ensure that we found the right fit for equipment here at the airport and that we found the best value that we could through that process.

This contract is for some final design and configuration work, the purchase of the equipment, uh, project support software and five years of extended support.

Uh and assuming approval today, we hope to be complete by the end of the year.

We have a motion.

Oh second.

Any questions or discussion for reading?

Take a vote.

You have a first motion by Ryan Goodwin, second motion by Brett Voorhees.

Barbara Glass?

Aye.

Miman Powers?

Aye.

Mickey Ketchings.

Aye.

Jeff Gaither?

Aye.

Ryan Goodwin.

Aye.

Kevin McLean.

Aye.

Aye.

Brett Voorhees.

Aye.

Madam President, you've NASA approval.

BP 2026-2-8, Keith Ren.

Madam President, good morning, members of the board.

Charging units, training, and an extended warranty from Gilling LLC for an amount not to exceed $2,398,800.

Just a backstory, a little backstory on this.

In 2022, we put out a public solicitation for these buses.

So far, we've acquired eight.

Staff has been very pleased with their operation.

They've been very reliable, especially in the winter.

Which uh we're glad to see that.

If these two are approved, they would arrive in 2027.

Uh the drive train for the electric buses, which consists of the electric motor, uh, the motor controller and the batteries are produced by Cummins and uh supported by Cummins here locally.

Staff has been very uh happy with these, and the uh project is it approved 2026 capital budget.

Okay, a motion removed um any discussion or questions okay.

We'll take a vote for BP 2026-08-3026-02-08.

You have first motion by Jeff Gaither.

Second motion by Ryan Goodwin.

Barbara Glass?

Aye, name and powers.

Aye.

Mika Ketchings.

Aye.

Jeff Gaither?

Aye.

Brian Goodwin.

Aye.

Kevin McClamour.

Aye.

Kurt Schlater.

Aye.

Aye.

Madam President, you'd be named approval.

Thank you.

Uh BP 2026-2-9.

Gary Klaus.

Thank you.

Consider for approval.

Amendment number two with BTC for baggage handling systems.

Baggage inspection system at the Indianapolis International Airport.

And an amount not to exceed 14 million eight hundred thousand five hundred fifty-seven dollars and fifty cents in fees and expenses.

So this uh project uh will no doubtly be the most challenging project we've undertaken in my tenure at the airport.

Um in many ways, this is gonna be uh more complex than uh reconstruction of the South Runway that we've all gone through here in the last few years.

Um I want to also um convey that uh as we typically do with large projects.

This has gone through an independent fee evaluation in which we had uh a firm completely separate from VTC, look at the scope and put together a fee.

We analyze that, reconcile those to make sure we had confidence that we've got the right scope, the right fee, and we're paying the right amount of money to get that completed.

Uh I also want to uh let you know that uh you know obviously the the baggage handling component is a highly specialized service, and we don't have firms in Indiana that provide that kind of uh consulting to us, uh but BTC has gone and put together uh local team uh with several of the consultants in the community to do the components of the project that are um outside of the strictly the core uh baggage handling conveyor system expertise.

So um they in total that's uh almost 20 percent of the fee.

So I appreciate their work to do that.

Um we continue to uh to look uh for grant money for this project.

Uh we have pledged uh our airport's terminal grants toward this project.

Um had recent discussions about a week ago with FAA.

Um while it's not nearly the amount we requested, I do believe there is yet to be some additional funds that they are programming uh for this project, and uh we will we have set the entire project up to ensure that as we are successful, those grant monies can be utilized because we've done the proper procedure utilize grant funds.

So with that, I would ask for your approval.

You have a motion motion to approve a second second so Jeff have any discussion on this project.

I will ask I believe this is part of our budget.

Is that as part of the it is within the approved budget any further take a vote?

Mika Catching.

Aye.

Jeff Gaither.

Aye.

Brian Goodwin.

Aye.

Kevin McClamour.

Aye.

Aye.

Madam President, you have one session by Maimon Powers.

And with all other members stay, you uh approval.

Uh BP 2026-2-10.

Jerry Klaus.

Consider for approval, the delegation of authority to the IAA executive director to improve to approve and execute a contract for construction services to the lowest responsive and responsible bidder for rehabilitation of economy parking lot.

Package number four at the Indianapolis International Airport.

So we're trying to hit that window.

This package four is the final phase of the rehabilitation of the prior economy lot.

So we look forward to getting this done.

We have a motion.

Okay.

Any discussion?

So the urgency is just to try to get it done in this.

So big range.

Closer to a million or closer to five million.

Well, in this market, I mean I'm not being available, it's hard to say, but based on uh the federal criteria, you know, when we analyze this, it's you know, does it fit in this tranche?

And so it's what I what I quoted was the is the standard of what I normally include when we do these delegations, and it's set up that way by the feds so that we can convey a reasonable ground of information without trying to say this is the target we want, you know, set for the project.

But in this market, I wouldn't hazard a guess which end of that spectrum.

What if it comes in over?

Well, then we would assess how badly do we have to have it, and um how does that then reconcile with other projects in the budget?

Um if that scenario could play out that if we brought it forward, we would you know won't communicate it's over budget, and here's how we've accommodated it within the appropriation that we have and we'd have to come back to the board.

Yes, that's the answer.

That's a quick answer.

Further discussion for BP 2026-02-10 for the delegation of authority, you have a first motion by Brett Voorhees, second motion by Ryan Goodwin.

Barbara Glass?

Aye, name and powers, aye.

Mickey Catchings, aye.

Brian Goodwin?

Oh, sorry, Mr.

Jeff Gaither?

Aye.

Hi.

Um BP 2026-2-11, Jared Klaus.

Thank you.

Consider for approval amendment number three to the professional services contract with CHA consulting or runway five left to three right rehabilitation at the Indianapolis International Airport and an amount not to exceed 153,894 in fees and expenses.

So as part of the rehabilitation work on the northern parallel that we did in 2025, uh, we cleaned the paint, the painted markings on on the concrete, um, and repainted those, refresh those markings uh with the winner we've had, those markings are not holding up the way that we have liked them to.

Um and so we are going to go out and literate the markings, take all of the paint down to concrete and start fresh with a new uh paint striping package for that uh northern runway.

And this is the uh cost of putting together a complete and overhaul of the paint package.

I have a motion don't move back in.

Any discussion?

We'll take a vote for BP 2026-02-11.

You have a first motion for Jeff Gaither, second motion by Maimon Powers.

Farm of class?

Aye.

Haman Powers?

Aye.

Mickey Catchings.

Jeff Gaither?

Hi.

Ryan Goodman.

Aye.

Kurt Schlater.

Hi.

And final item is BP 2026-2-12, Jeremy.

Consider for approval amendment number one with Wooffert for taxiway Papa reconstruction at the Indianapolis International Airport and an amount not to exceed $2,573,830 and 21 cents in fees and expenses.

Uh was originally approved in the Capitol Program as a single project.

This project is 75% grant funded.

The scope is for the construction administration for the phase one package, as well as the design effort for phase two.

We will be coming back when we give an additional grant for construction to add the construction administration.

So that's why it's a bit choppy is to match up with how we're getting grant funds for this project.

Motion to approve.

Oh questions.

So um so I heard you, Jared, but um I'm still have clarity on the difference between the original one and this one.

So we we had a prior contract that did um the design services for the initial phase of this project.

Which goes until 207, their initial phase, or when is the well, I mean, uh so well, I have to go back and look at the dates, but it's more about the components and matching that up with the grant money.

So this ideally would have been one contract that went suit to nuts for the entire project, and then FA came and said, we don't have a grant available to do all of it, so we'll need you to break this up as we have chunks of grant money to put toward it.

So that's what's making this lumpy.

And so this amendment does the construction administration for the prior design effort as well as the design effort for the second phase.

It's it's just a little wonky, but it does get it all accomplished and matches up with how the grants are coming.

Further discussion.

Um first motion by Ryan Goodwin, second motion by Kurt Schneider, Car Plus, aye, payment powers, aye, Mika Catchings, Ryan Goodman, Kevin McClamour, um, you mean that's the proof.

Thank you.

Um next we have our executive director's report, Mario Rodriguez.

Personal members of the board, I've submitted my reports in writing, but I'd like to highlight the three of them.

Uh the first two fall into the category of talent development, which this organization is incredibly focused on.

And um, I'd like to introduce you to our Peterson fellow, Livia Doctor.

And welcome or please in a better group.

And we have uh three of our interns were recognized um with the impact awards, which is very very prestigious.

Um, and we have one of them with us, uh Julia Julius Cholka, and he's he's the intern for IT.

You know, and all of this is focused on on developing the next generation that'll run the airport and talent that you know are all of us are committed to develop these talent, and what you see from this exceptional team, you actually only see the awards, right?

Because that's that's a byproduct of everything we do.

And just recent.

Can I say this?

I I guess I can.

Just recently, we were awarded best airport for the 14th time between five and fifteen.

Just recently, we were awarded best airport for the 14th time between five and fifteen.

I guess I can't bargain.

Okay, whatever.

Umbargo, and also this uh team won the easiest airport journey in all of North America, including all the airports, which is like an incredible feat.

Um we have the impact report, which is really we call it an community impact report or annual report, but most of what we do is community impact to make our community better, and I'll draw your attention to things that Megan will not show you in a video.

If you look at page eight, if you look by the numbers, this is a powerful statement that lays the foundation for the airport.

We've increased our reserves by 88%.

So the airport is a solid Iraq financially, about 350 million dollars that you can count on at any given time, regardless of the economy.

Better broad rating.

That means it's cheaper to take out debt.

We concentrate on local just on our construction last year.

90% of it, 146 million went to local companies.

Jobs impacted about 5,000, and better debt coverage from 1.58 to 1 to almost 2.0, which is all of this lays the foundation.

It's not really sexy, it's not interesting.

We can't put it in the newspaper because it doesn't make problem because it doesn't make the hell out of this lays of foundation.

And um, after going over to say incredibly boring stuff, I will turn it over to uh to Megan, who will give you the impact report via video.

Thank you, Megan.

Thank you, Mario.

And it's true, that community impact, how we focus our annual report.

You can put that when the paper we brought forward to you today.

That impact that we're bringing local concessions, that impact of runway reconstruction really hits all facets of our community and our key audiences.

But we could not do that without the board's support and continued leadership.

So I want to make sure we're thinking you properly.

Um, a quick lead in before we play the video.

2025 was another record breaking year.

We had public milestones, awards, behind the scenes sex uh successes to celebrate, and not only did we have more nonstop flights than ever before, that destinations than ever before, we had the passenger traffic to match that momentum.

Um, and as Mario said, we found new ways to connect with our community, our culture, and our travelers.

We did it all while investing hundreds of millions of dollars into the local economy and supporting thousands of local jobs.

Um, all of these things from the finances from our public safety and security are all foundational to what we do and really drive home that community impact.

Our award-winning team anticipates traveler and community needs, and we look for ways to go above and beyond.

So we're ensuring that every person has a memorable experience and the best airport in North America for 14 years running.

And we hope you enjoy this look back at the last year.

Connections for the Indianapolis Airport Authority, it's about more than how we get people from point A to point B.

It's about how we serve our community and create lasting public value, connecting local impact to global reach.

In 2025, IND became better connected than ever before with 55 nonstop destinations and the return of transatlantic air service.

The launch of flights on Air Lingus, Ireland's flagship carrier quickly proved its success, expanding from four flights a week to five in the summer of 2026, opening new opportunities for families, businesses, and visitors with access to Dublin and more than 20 destinations across Europe.

It was a landmark year for air service.

IND welcomed more passengers than ever, with seven of the busiest days in our history, and the most seat capacity of all time.

A warm welcome, a helping hand, spaces for conversation, care, and community, and support where it's needed most from hometown fans to championship dreams.

Connection makes every journey possible.

This year, Civic Plaza became a public gathering place for fans from around the world as Indy once again hosted major events like WNBA All-Star and WWE Royal Rumble.

Bringing the community together through outreach in celebration and shared pride, and making visitors feel like all stars from the moment they touched down in the circle city.

Through it all, we remained focused on what mattered most a safe and secure travel experience.

Time and time again, IAA's first responders and community partners adapted quickly and demonstrated the readiness and cooperation that helped keep travelers and neighbors safe.

Our teams are only able to do that because they practice for emergency situations and stay connected with the community, like the triannual Apex Emergency Training with more than 35 partners and hundreds of volunteers.

And the new first of its kind airport wide cardiac emergency response plan.

In partnership with the American Heart Association, these initiatives go beyond protocol.

It reflects a commitment to saving lives and strengthening our community.

And creates a ripple effect of preparedness that extends far beyond the airport terminal.

This year, we also invested in experiences that elevate the traveler journey with new local flavors like the 1933 Lounge Plus HC Tavern by St.

Elmo and the groundbreaking of a new terminal connected hotel.

We're laying the foundations of the future.

From local art to hometown businesses, we unite travelers with the culture of our region, investing back into our community, with 90% of capital spending staying local and hundreds of thousands supporting the creative economy each year.

You'll find them behind every flight number, every restaurant, and every moment of service.

People who care deeply about this place and the community it lifts.

Together, we are better connected than ever before.

And I think we're there.