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Genesee County Airport. Genesee County Airport . Economic Impact Approx $13 Million Capital Investment since 1998 Airport Yields 23 Jobs and Annual Impact of $2.35 Million at almost No Taxpayer Cost Cash flow positive 8 out of last 9 years 2010 Surplus estimated at $65-70k
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Genesee County Airport • Economic Impact • Approx $13 Million Capital Investment since 1998 • Airport Yields 23 Jobs and Annual Impact of $2.35 Million at almost No Taxpayer Cost • Cash flow positive 8 out of last 9 years • 2010 Surplus estimated at $65-70k • Deferred Revenue Account
Genesee County Airport • Local Based Businesses/Services • Boshart Enterprises and Aviation Services • Bob Miller Flight Training Inc. • Mercy Flight/Mercy EMS
Genesee County Airport • Operations – Line Service • 2 Full Time, 2 Part Time (98 Hr Coverage/Week) • Hangar Occupancy 100% • 66 Based Aircraft (2015 Forecast = 62) • 2010 Financials YTD • Overall Fuel Sales Stable • Income from Jet Fuel Sales Rebound • Zero Cost to County Taxpayers
Genesee County Airport • 2010 Capital Improvements • New 8-Bay T Hangar • T-Hangar Taxiway Apron • Included Site Work for 2 additional Hangars • Design of Transient Aircraft Parking Apron
Genesee County Airport • Future Capital Needs • Terminal & Maintenance Hangar (Non-AIP) • Est Design Cost ($500,000) w/$200K Federal • Est Construction Cost ($5,000,000) w/$200K Federal • 2 – 10 Bay T-Hangars (Non-AIP) • Estimated Cost $1,200,000 • Possible NYSDOT Grants • Extend Parking Aprons & Drainage (AIP) • Estimated Cost ($1,205,000) • FAA Awaiting Notification on Terminal Relocation
Genesee County Airport • Private Development • Currently Negotiating Land Leases with Two Separate Individuals/Businesses for 120’ x 80’ (9,600 SF) Corporate Style Hangars • Initial Contact with Company from Pennsylvania looking to Base a Citation Jet • 40,000 to 50,000 Gals Fuel Consumption Annually