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Hr. Charles D. HcGinnis <br />November 4, 1986 <br />Page 5 <br /> <br />annually to pay for operating and maintenance for initial years. The <br />payback is quite impressive: <br /> <br /> $ 70,000 FBO Percent of Gross <br /> 23,500 Aircraft Ad Valorem Taxes <br /> 10,000 Ridenhour Trust Fund <br /> 100,000 Indirect sales tax revenues from airport <br /> generated business. <br /> <br /> For cost comparison purposes, the airport vas assumed to be financed <br />by bonds, i.e., the $297,000 to build the airport. This financial study <br />not only shows that annual operatinE and =atntenance ~xpenses can easily <br />be paid from direct airport Eenerated revenues but the overall cos~ of <br />buildinE the airport from the inception vi11 be =etu~ed to the County <br />over the years many rimes over. <br /> <br /> If there are · any ques:[ons or ~ we can provide and clarifications. <br />please do .not hestta:e':o call upon us <br /> <br /> Very t~ly yours. <br /> <br /> ~I~ ~ ~ ~SOC~TES _ _ <br /> <br /> Gary D. ~aston. <br /> Senior Avia:ion Planner <br /> <br />GDL: Jb <br /> <br />cc: Airpor: Co~ittee <br /> Greater Cabar~s Co~nCy Economic Development Corporacion <br /> H~. John Caldvell - Horth Carolina Division of Aviation <br /> <br /> <br />