CHO RECEIVES STATE FUNDS TO SUPPORT AIRPORT PROJECTS
Charlottesville-Albemarle Airport announces it has received a commitment of funding from the Virginia Department of Aviation to support its FY 2009 capital improvement program. The Virginia Aviation Board approved CHO’s request at its annual meeting on August 21, 2008.
Projects include the preliminary phase of the future extension of Runway 21, design and construction of a west side access road, and design of a snow removal equipment storage/maintenance facility. In addition, funds will be provided to assist with debt service associated with the construction of the existing terminal building, and the airport’s participation in the regional 800 Mhz radio system. These funds total $4,537,237 and will be utilized along with Federal Aviation Administration and Airport Authority funds to complete project development.
The Airport is a self-funded entity, relying completely upon parking revenue and tenant fees for financial support. Without financial assistance from the State’s aviation program, CHO would be unable to maintain the level of capital improvement and maintenance required for an airport its size.
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