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Airport seeks $2.8 million for emergency employee housing purchase; finance committee approves transfer request
Summary
The finance committee unanimously recommended transferring $2.8 million from airport retained earnings into operating to allow the airport to acquire housing for employees and cover transition costs for staffing; the airport said the purchase would make the property an airport asset and rent would be set by contract.
The Nantucket County Finance Committee unanimously recommended funding up to $2.8 million from airport retained earnings to allow the airport to acquire property for employee housing, the airport’s management told the committee Monday.
Art (airport official) explained the airport’s immediate need after hiring a new airport manager who relocated from Arizona: “We have him in a short term lease, which is going to run out in June. We've been searching for a rental…
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