Grant & Loan Awards: Liberty County


Equity

Liberty County

Equity Fund: $500,000

Awarded: 06/15/2005

Applicant: Liberty County Development Authority


Description:
Equity funds for construction of a new airport terminal at the new MidCoast Regional Airport located at Wright Army Airfield. The existing Liberty County Airport is not adequate to service the needs of most of today's corporate aircraft. This new terminal complex will consist of a 7,200 SF airport terminal and a 6,300 SF Operations Building. There is joint use agreement in place between the Army and Liberty County for the use of the federal property. In addition, the U.S. Army Coprs of Engineers will lease the operations building and other shared space in the terminal complex. This project is expected to create 9 new jobs by a fixed based operator.


Total Budgeted Project Cost: $3,034,060


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