Caldwell Airport expansion promises major economic boost
August 19, 2024 | Caldwell, Canyon County, Idaho
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In a recent government meeting, significant developments regarding the Caldwell Airport were discussed, particularly a proposal by Envision Construction to build six new hangars and a parking lot on the southwest side of the airport. This project aims to enhance airport facilities, including the addition of public restrooms.
A key aspect of the proposal involves relocating a stormwater discharge area currently affecting Indian Creek, which is expected to save the city on water testing costs. The discussion highlighted the economic impact of the airport, referencing a 2020 study by the Idaho Department of Transportation. The study indicated that the Caldwell Airport generates a Gross Domestic Product (GDP) of $25 million and an economic impact of $56 million within a 30-minute drive radius.
The city of Caldwell itself benefits from approximately 11% of this economic impact, translating to a GDP of $2.5 million and an impact of $6.1 million. The proposal includes a first lease payment of $59,100 for the new hangars, with projected total revenue for the city over the next decade estimated at $159,000.
The anticipated economic benefits from the hangar project over ten years include a GDP contribution of $700,000 and an overall economic impact of $1.6 million, culminating in a total value of $2.5 million. The city is considering an investment of up to $400,000 to improve the stormwater system, which could yield a net gain of over $2.1 million over the same period.
Council members engaged in discussions to clarify details of the proposal, indicating a proactive approach to understanding the potential benefits and implications for the community.
A key aspect of the proposal involves relocating a stormwater discharge area currently affecting Indian Creek, which is expected to save the city on water testing costs. The discussion highlighted the economic impact of the airport, referencing a 2020 study by the Idaho Department of Transportation. The study indicated that the Caldwell Airport generates a Gross Domestic Product (GDP) of $25 million and an economic impact of $56 million within a 30-minute drive radius.
The city of Caldwell itself benefits from approximately 11% of this economic impact, translating to a GDP of $2.5 million and an impact of $6.1 million. The proposal includes a first lease payment of $59,100 for the new hangars, with projected total revenue for the city over the next decade estimated at $159,000.
The anticipated economic benefits from the hangar project over ten years include a GDP contribution of $700,000 and an overall economic impact of $1.6 million, culminating in a total value of $2.5 million. The city is considering an investment of up to $400,000 to improve the stormwater system, which could yield a net gain of over $2.1 million over the same period.
Council members engaged in discussions to clarify details of the proposal, indicating a proactive approach to understanding the potential benefits and implications for the community.
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