Stillwater News Press

Local News

October 18, 2012

Airport Authority approves project costs

STILLWATER, Okla. — Stillwater Regional Airport Authority members discussed plans to add hangar space.

The Authority unanimously approved preliminary project development costs for another hangar for possible inclusion in the city’s capital plan.

The capital plan contains items too large to be included in the airport’s annual operations budget, according to a report by Airport Director Gary Johnson. The airport’s budget doesn’t include money to build T-Hangar 3.

Tammy Brown, accounting supervisor for the city, said the capital plan is the city’s plan for major projects.

Johnson’s report states since the hangar would be revenue producing, the T-hangar project “may qualify for other sources of funding that are available through the city.”

“We want to get some long-term data to take to the table,” Johnson said.

The report shows 12 people desiring hangar space and six who have made a tenant application for hangar space, for a total of 18 people waiting.

The proposed hangar would house 10 planes.

The report lists rising construction costs, increased demand, Stillwater’s growing economy and low borrowing costs as reasons to begin the process soon.

The minutes of September’s meeting show Stillwater Regional Airport receives an annual non-primary entitlement fund of $150,000 to be used for airport improvements.

The fund is made available by the Federal Aviation Administration.

Airports have the option to use these funds each year or may carry forward the funds for up to three years.

Last year the authority approved the 2012 funds to be carried forward.

The minutes state these funds could be used within the city’s capital improvement plan.

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