Grant & Loan Awards: Cook County


Equity

Cook County

Equity Fund: $488,700

Awarded: 12/15/2010

Applicant: Cook County


Description:
Equity grant funds of $488,700 will be used to assist with the construction of a new 4,248 SF terminal facility at the Cook County Airport located in Adel. The Cook County Level II Airport is 20 miles north of Valdosta on Interstate 75 within close proximity to Florida and Interstate 10 as well as to Georgia and Florida railways, making it an ideal gateway for regional economic development in South Georgia. The current 1,100 SF maintenance hangar office functions as the airport terminal, but is inadequate and lacks the character and capacity to be a true “gateway” facility for the community and region. After a recent runway extension to 5,001 feet, the terminal is the most pressing improvement needed in order to attract and accommodate major business and industry. Hangar Area and Fuel Farm Developments will be constructed simultaneously using local, FAA and GDOT funds.


Total Budgeted Project Cost: $2,692,290


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