Airport receives $200,000 in state grant for hangar
The Bradford County Airport was approved for a $200,000 grant Thursday as part of a statewide investment for safety enhancements and improvements at airports. The investments were announced by Governor Tom Corbett in an effort to stimulate the economy.
"As I outlined in my transportation proposal, a multi-modal transportation system is essential to sustaining and growing our economy," Corbett said. "These investments will enhance safety and improve facilities to ensure that regional needs are met while supporting jobs and the local economy."
In the proposal, the Bradford County Airport is granted the money to be used for the construction of aircraft hangar buildings.
In July of last year, the airport began construction on a new hangar capable of storing 8 planes, which was completed in December.
The hangar was constructed by Boland's Excavating & Topsoil Inc. of Binghamton, N.Y. and at an estimated cost of $500,000.
A previously received $200,000 federally funded grant was used help pay for the hangar, while the approximately $300,000 remaining was obtained through a loan 20-year loan from Peoples State Bank.
With the approval of the additional $200,000 grant, airport manager Heather Blokzyl says the money will be used toward the debt outstanding on the loan.
According to Blokzyl, the final inspections are being done on the hangar but it is currently available for use. At present Blokzyl says the hangar is about half full, and she feels confident that soon it will be at full capacity, as the airport has sent out advertising for the vacant spaces.
In contrast to the federally-funded grant, the new grant is funded through state capital bond dollars in the general fund budget. The Capital Budget/Transportation Assistance Program provides over $10 million in grant money, the majority of which is going to the Philadelphia International Airport in the amount of $5.1 million.