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Interim aviation director urges lease, parking and rate changes to reduce airport subsidy
Summary
An interim assessment of Waco Regional Airport operations recommended updating lease practices, adopting market-based rates, and considering paid parking to reduce the airport's reliance on a general-fund subsidy.
An interim director's assessment presented to the Waco City Council on March 18 identified lease practices, below-market rates and free parking as primary contributors to the airport’s annual need for a city subsidy and outlined options to make the airport more financially self-sustaining.
Michael Riesman, interim director of aviation, told the council the airport currently records about 74 based aircraft and about 100,000 annual aircraft operations. American Airlines is the airport’s sole scheduled carrier, operating six daily flights; in calendar year 2024 the airport recorded 56,537 enplanements. "The airport is capable of both self sustainability as well as being an economic generator for the…
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