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Okaloosa airports report debt-free finances and rising passenger demand; plan capital expansions
Summary
County airport leaders told commissioners the airports are debt-free, have doubled unrestricted cash reserves to about $45–47 million, and plan capital work including a rooftop parking structure, rental-car coverings and apron expansions tied to passenger growth.
Okaloosa County’s airports director said the county’s three-airport system is debt-free, financial reserves have grown and passenger demand supports capital projects planned for fiscal 2026.
Tracy Stage, the airports director, reported unrestricted cash nearing $45 million at the end of the current fiscal year and estimated roughly $47.5 million by the end of fiscal 2026, describing the position as roughly 720–758 days of operating cash on hand. Stage noted the county chose to pay off past…
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