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Committee hears details on $38 million JAA garage repair; insurance to cover most costs
Summary
The Transportation, Energy and Utilities Committee heard cost and timing details for a $38 million repair of a Jacksonville Aviation Authority (JAA) garage. Committee members were told insurance will cover about 80% of costs; reconstruction is likely a two-year project and the authority expects to pursue subrogation.
The Transportation, Energy and Utilities Committee was told Sept. 16 that repair of a damaged Jacksonville Aviation Authority garage is estimated at $38,000,000, with insurance expected to cover roughly 80% and JAA responsible for the remaining roughly 20%.
The estimate and funding breakdown came from Ross Jones of JAA, who told the committee, “The total cost of the projects is estimated at 38,000,000. Essentially, 80% of that is gonna be covered by insurance and 20% by, JAA.” Jones said the authority has received some insurance proceeds and that the amounts shown moving in the budget reflect that. He added the authority expects to pursue…
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