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Kingsport pledges $250,000 to regional effort to recruit airline service at Tri‑Cities Airport
Summary
The board approved a $250,000 contribution toward a regional minimum revenue guarantee to attract a new airline to Tri‑Cities Regional Airport, joining a regional fund that leaders said aims to raise $2 million by early April; board vote 6-0.
The Kingsport Board of Mayor and Aldermen approved a $250,000 contribution Feb. 18 to a regional effort to recruit additional airline service at Tri‑Cities Regional Airport.
City and regional leaders said the contribution is part of a broader campaign to assemble an estimated $2 million minimum revenue guarantee (MRG) commonly used to induce new routes. John Rose, who presented the proposal to the board, said the regional committee is working with local governments and private partners to reach the target and that several…
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