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Addison council approves private-activity bond sign-off for Addison Hangers Phase 2 at airport
Summary
The Addison City Council approved a resolution enabling private activity bond financing through a Wisconsin-based public finance authority to support Phase 2 of the Addison Hangers / Sky Harbor hangar campus, a redevelopment that will add roughly 86,000 sq ft of hangar space and about 21,700 sq ft of office/shop space. Council held a public hearing and voted to approve the request.
The Addison City Council voted Dec. 9 to approve a resolution allowing private activity bonds (PABs) to be issued in support of Phase 2 of the Addison Hangers development at Addison Airport.
Airport Director Jamie Drosa presented the project and the town's role in the process, saying the proposal would add four executive jet hangars and associated office and shop space. "This proposal is for Sky Harbor Capital LLC, apparent to Addison Hangers LLC," Drosa said, and she described the Phase 2 build‑out as roughly 86,000 square feet of hangar space with…
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