Grant & Loan Awards: Coffee County


Equity

Coffee County

Equity Fund: $100,000

Awarded: 12/16/2002

Applicant: Douglas, City of


Description:
Equity funds to assist in the preservation and renovation of the original, unaltered WWII Army Air Corps flight school buildings located adjacent to the Douglas Municipal Airport. The buildings, strategically located on Hwy 441 South, will be available for leasing as professional/commercial office space to the aviation industry, business or various professions. The proposed renovation serves to discourage urban sprawl and promotes growth management while preserving the heritage of the flight training base. This project has potential to create 24 jobs.


Total Budgeted Project Cost: $240,000


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