Salt Lake City's airport and finance staff briefed the council on a proposed Sky Harbor hangar campus on the airport's east side and the required tax-equity public hearing under TEFRA federal rules. Airport staff explained the project would use a tax-exempt private activity bond issued by the Public Finance Authority of Wisconsin; the public hearing is a required step before the mayor signs the TEFRA documentation.

Bill Wyatt and airport staff described why the east side of the airport is being reshaped to host larger, corporate aviation hangars rather than smaller piston-driven general aviation aircraft. Brian Butler said the city and airport will not borrow or guarantee the debt: "There is no obligation of the city," he said.

Eric Stoltman, senior vice president for Sky Harbor, outlined the proposed campus: just over 11 acres with four SH-37 hangars (roughly 40,000 square feet each), local ground-rent and fuel-flowage revenues, and workforce benefits through a Sky Harbor Academy that offers paid internships. Stoltman said hangars built by Sky Harbor revert to the airport at the end of the ground lease, and that basing aircraft locally can reduce duplicate flights and related noise when aircraft otherwise rebase from outlying airports.

Council members asked how many takeoffs and landings would be eliminated by basing aircraft locally and how much noise and emissions would change. Sky Harbor said it did not have flight-count data on hand but offered to supply numbers to the council. Staff reiterated that the TEFRA public hearing is scheduled for next week and that the mayor must sign the TEFRA document for the financing to proceed.

The council did not take a vote; the item is on the calendar for the TEFRA public hearing next week and the administration and Sky Harbor said they would provide further details, including flight-operation data, before formal action.