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Roswell Air Center projects smaller insurance bill next fiscal year as tenants can opt out
Summary
Airport staff told the Airport Advisory Commission that tenants were being offered the ability to carry their own insurance starting in the next fiscal year, which staff says will reduce city-paid premiums and has the airport operating in the black this month.
Roswell — Airport staff told the Airport Advisory Commission on Feb. 4 that the airport is operating with a modest surplus this fiscal year and expects a reduction in city-paid building-insurance costs next year after tenants were given the option to buy their own coverage.
Bobby, a long‑time airport staff member presenting the monthly financials, said operating revenue for the most recent period shows "we were in the black" and that the airport is "a hundred and $105,430.55 to the good." He and other staff explained that the city recently shifted building insurance billing so tenants can opt out and secure their own policies; if…
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