Laserfiche WebLink
likely the: person or persons will be in :he County Manager's office. The <br />time for this activity can be considered a subsidy s~lce the County is <br />providing the resources for administering the project. <br /> <br /> A second issue relates :o opera:lng the airport itself. Hany times in <br />:his report it has been stared :ha: an airport is a business. If an <br />Authority is established, and a Director is named. =he consul:an: <br />recommends :he: the Dire::or be aggressive in his activities :o maximize <br />revenue pO:eh:ia1. The Director will need to carefully prepare leases for <br />vendors a: :he airport. The mos: important revenues source is fuel sales <br />which this consul:ant recommends to stay ~n County hands. Certainly i~ <br />:his happens, and :here are fifteen or so airport examples of :his <br />prat:ice in North Carolina. :he Director~ under :he dlrec:ion of :he <br />Authority, would need :o provide incentives for locating a: Cabarrus <br />County -~ low lend ran:al fees~ graduated rate structures for computing <br />revenues owed :o :he County. etc. <br /> <br /> Since hangars are expensive items and municipalities can borrow <br />capital less expensively than private investors, the Authori:y could <br />borrow money to ere:: hangars, and realize profit more quickly. <br /> <br />In s.mmary. :he :/uae associated with o~ning and opera:lng an airport <br />is subs:an:la1. If the proper mechanism for governing the airport is <br />established and if ~he airport is appzoached as e business fro~ <br />inception vtth a goal of being self-sufficient, the gabarrus County <br /> <br />Airport can achieve :he pose:ire financial results as se: forth herein. <br />The Consul:an: believes the Airpor: Au:hority concept with close con:roi <br />of airport revenues such as =he fuel concession is :he means :o achSeve <br />the goal of being "in the bla=k". <br /> <br /> R-39 <br /> <br /> <br />