Cortland County Awarded $514k For New Hangars at Airport
Wednesday, June 11, 2014
Cortland County Awarded $514k For New Hangars at Airport
Cortland County has been awarded over half a million dollars in state funding to construct 10 new hangars at the County owned airport on Route 222. The project follows several recent improvements to the facility.
Yesterday, county lawmakers on the legislatures' Highway Committee voted to accept a grant award of nearly $514 thousand dollars. The money will be used to build new hangars at the airport, the hangars are then rented out to pilots for aircraft storage.
The total project cost is just over $571 thousand dollars, Cortland County taxpayers must come up with 10% of the cost as part of a local share, that amounts to just over $57 thousand dollars.
According to acting Highway Superintendent Bob Buerkle who oversees the airport, nearly all the existing hangars at the airport are rented out. Buerkle says based on current prices the county can recoup the local project share in about two years; after that the county can make money on the hangars. Buerkle says existing revenue from the facility can cover the local share so no additional taxpayer funds will be required.
The project is included in the airports existing master plan which was updated in 2006. Over the past couple years the county has been successful in obtaining grants to add hangars and a new equipment storage building as well funds for improvements to the runway and to remove flight path obstructions including homes and trees at either end of the airport runway.
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