Amtrak 2012 Annual Report Download - page 72

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railroad, corporate and commercial purposes and providing support to the Operating Departments. The
Department consists of 26 real estate professionals and their support staff.
RED is comprised of several major components as follows:
Revenue Production
Property development through the long term leasing of Amtrak owned real estate; leasing excess fiber
optic capacity in stations and along the right-of-way to telecommunications companies; revenue
generation through advertising in stations, along the right-of-way and on-board trains; management of
parking facilities through operating agreements; retail leases in stations; special events in stations and
filming; pipe and wire occupations; automated teller machines, vending machines and payphones in
stations; the sale/lease/easement of excess property and the purchase/lease of property required for
Amtrak operations.
Operations Support
Real estate property management including current property maps and title information; enforcement of
all terms and conditions of revenue generating leases for Amtrak-owned property; acquisition of,
negotiation of, and management of lease documents for properties (station, office, warehouse) occupied
by Amtrak to secure cost efficient operations; working with commuter agencies in the joint development
and use of stations; working with Federal, state and local agencies in development projects; and providing
general real estate services to Amtrak’ s Engineering, Operations and Law Departments.
The goals of this Department are:
o Meeting the needs of Amtrak internal and external customers for efficient operation of the
Railroad
o Revenue production focused on long term revenue generation
o Achieve highest returns and best use of Amtrak owned real estate
o Agreement compliance and enforcement of real estate documents
o Maintenance of real estate records
The Department manages approximately:
o 1,100 real estate leases, licenses, easements and management agreements
o 190 retail leases
o 160 telecommunication agreements
o 2,300 pipe & wire agreements
o 500 requests for property maps/plans/descriptions per year.
The FY12 total budget request is $9.8M representing an increase of $0.6M compared to the total FY11
actual of $9.2M.
Base Activity:
The FY12 base budget request is $10.1M and it is mainly driven by labor cost and the 30th Street Station
(Philadelphia, PA) and Chicago West Loop (Chicago, IL) parking garage operating expenses. The FY12
base operating request, as compared to FY11 actual has increased by $0.8M. This increase is primarily
due to inflation and professional fees.
FY2012 Budget Post Board 1.20.12.doc 72 of 79