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Airport reports healthy fund balance; board discusses rent and hangar development opportunities
Summary
Staff reported roughly $3 million in income for the current period and a fund balance of about $28 million (noting about $14 million is reserved for terminal renovation). The board discussed lease pricing for a specific building and broader opportunities for hangar and lease development; staff said hangar demand in the region is high.
Airport finance staff (Juelva Navides) reported to the Laredo Airport Advisory Board on March 1 that the airport is running a positive operating position for the period, with about $3,000,000 in income and an approximate fund balance of $28,000,000. Staff cautioned that roughly $14,000,000 of the balance is earmarked for the terminal renovation and that…
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