By Russell Hixson
STILLWATER, Okla. —
Stillwater Regional Airport Officials are researching plans to develop airport land for new hangars.
The Stillwater Regional Airport Board has been looking at developing hangar space for private investors since last year.
During its Thursday meeting, board members formed a subcommittee to investigate how other airports have fared with similar projects, develop a marketing strategy for the project and decide what direction they want the development to go.
Discussion during Thursday’s meeting revealed board members are leaning toward preparing land for development with grading, drainage and utilities and then inviting private investors to build hangars that fit with the airport’s vision of growth.
The investors could then lease out hangar units in a commercial rental business.
Board members noted that having the land ready to build on rather than just patches of dirt would be much more marketable, however no official decision has been made.
Airport officials are asking for $125,000 in the budget to prepare the land for development.
The subcommittee is expected to present its findings in June or July.
Airport Director Gary Johnson said he initially looked at building the hangars but this would have required an estimated $650,000.