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Supervisors back Virginia Highlands Airport support agreement to enable $465,000 financing for hangars
Summary
Washington County approved Aug. 27 a support agreement allowing the Virginia Highlands Airport Authority to close a $465,000 financing for box hangars at roughly 4.48% interest; new VRA language will require the county administrator to notify the board if the authority forecasts an operational shortfall.
The Washington County Board of Supervisors voted Aug. 27 to approve a support agreement requested by the Virginia Highlands Airport Authority that will enable the authority to close a $465,000 financing package to build box hangars.
County staff told the board the support agreement includes new…
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