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Caldwell Airport expansion promises major economic boost

August 19, 2024 | Caldwell, Canyon County, Idaho



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This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Caldwell Airport expansion promises major economic boost
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.

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