Twenty-one acres are certified through the Tennessee Department of Economic and Community Development (TDECD) as a Select Tennessee Site. To date, airport officials say more than $23 million has been invested in infrastructure serving the total 160-acre area including grading a portion of the site, constructing an industrial access road and installing utilities. The grading, according to the agreement, is estimated to cost up to $18 million. What’s been happening: The Airport Authority and the airport’s former owners - Bristol, Kingsport, Johnson City, and Sullivan and Washington counties - signed an agreement last year backing those bonds. Airport officials expect Aerospace Park could attract up to 2,000 aviation-related jobs. The background: On the Tri-Cities Airport’s southside airfield, the plan is to develop a “build-ready” site for a future “maintenance, repair or overhaul” facility or other aviation-related industry on approximately 160 acres. The Tennessee Comptroller’s Office has been made aware of an $8.5 million bond issue to help finance grading at what has been billed as the region’s next big jobs producer, Airport Authority commissioners were told.
Aerospace Park stayed on the Tri-Cities Airport Authority’s radar on Thursday. SeptemNews What’s new with Aerospace Park?īlountville, Tenn.
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