The expansion project redeveloped about 12 acres of airport property and made it “development ready” for new general aviation airplane hangars. The general aviation complex (GA for short) is that part of the airport which caters to business/corporate aircraft.
The expansion helps fix a shortage of GA hangar space, which has existed for several years, by making ground ready for eight new hangars. Having land available for hangar construction is important for future economic development — adequate GA facilities is something business prospects often look for.
“General aviation is one those community assets that’s out of sight and out of mind,” says Tom Hilmes, Chairman of the Board of Directors for the Springfield Area Chamber of Commerce. “But it’s of vital importance to the business community — especially when it comes to economic development. Businesses that consider moving here often want to know if the airport has a place to hangar their corporate aircraft.”
Funding for the project came courtesy of a $5 million aviation grant from the Missouri Department of Transportation. The airport will provide $565,563, making the total cost of the project approximately $5.6 million. MoDOT aviation grants are funded by taxes on aviation fuel sold in Missouri.
http://www.ky3.com/news/local/airport-cuts-ribbon-on-new-general-aviation-facility/21048998_31919044