TEXARKANA, Ark. — Texarkana Regional Airport is hoping to attract an aviation-primarily based business to lease a piece of property that was just authorised for invest in.
Through a regular conference on Tuesday, the town Board of Administrators unanimously authorized a resolution authorizing the Airport Authority to obtain 8 acres of land adjacent to the airport from Plainfield LLC for $82,000.
The assets is an undeveloped wooded space. It is situated on the south aspect of the airport involving present airport house and East 19th Avenue.
Airport Director Paul Mehrlich claimed by utilizing federal coronavirus resources and offsetting the order price tag from other home income, the metropolis can obtain the land at no charge.
“The reason we’re fascinated in this home is that it joins present airport assets and would act as a bridge to present Chamber of Commerce home,” Mehrlich advised the board. “We created a new taxiway for the new terminal making that goes proper together that location. It would make this a key piece of serious estate for us to go out and current market to consider to convey in a upkeep fix or cargo corporation.”
The director mentioned a enterprise in that location would be equipped to make the most of the airport’s taxiways and runways, but also would have easy entry to Interstate -49.
“Our hope is to convey positions to the local community, as very well as make a new tenant at the airport,” Mehrlich reported.
Mehrlich and Metropolis Manager Jay Ellington the two conveyed that this acquire is a crucial portion of the airport’s overarching system.
“The concept is it would be produced, and then we would enter into a floor lease,” Mehrlich stated. “The way it functions is the airport retains the ownership of the house, and any framework that’s developed on the property soon after a interval of time — usually about 40 yrs — results in being the assets of the airport, so hangars and factors like that inevitably turn out to be the airport’s property.
“And in the future, that enables us to lease those people back out at a setting up level.”
Mehrlich also delivered an update on the new airport terminal under development, expressing the expected opening day is in summer time 2024.
The 8 acres of land the town of Texarkana, Ark., intends to obtain is outlined in crimson in this satellite impression. The house, bounded by current airport residence and East 19th Road, carries an $82,000 selling price tag. Nevertheless, the town will be capable to receive it at no charge by way of the use of federal funding and charge-conserving actions. (Google Maps)