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Airport fund balance solid; board discusses lease rates and regional hangar shortage
Summary
Staff reported a positive fund balance and projected revenues for the terminal rehab period; board also discussed lease rates for a city property and the regional shortage of hangar space.
The airport finance and leasing update covered current cash balances, projected effects from terminal work and commercial lease discussions.
Finance: the airport's financial presenter reported about $3 million in revenue for the reporting period and said the airport has roughly $28 million on hand, although staff cautioned that about $14 million of that is expected to be used for the terminal renovation once construction…
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