We were there to hear Gary Quill’s excellent update on the exciting progress at and near the airport.
Although the airport had its beginnings in the era of World War II, those humble origins have morphed into a thriving gem of economic activity. Here’s some of the information shared during the fast-paced, 30-minute presentation:
Airlines: Most of us are familiar with the fact that there are two airlines now servicing the airport, and connecting our area to 12 destinations. The traffic count continues to be healthy and this past year boasted 96,000 travelers for the year through the end of October. As we know, “visitation leads to migration,” and having those visitors definitely helps our local economy and real estate market. Additionally, Direct Air has two jets stationed here. This contributes $120,000 per month into our local economy in the lodging sector.
And let’s not forget an iconic local business, Air Trek. This air ambulance was established here in 1978, and is a longtime tenant at the airport.
Airport Terminal: The 2-year-old Bailey Airport Terminal is an impressive gateway to our area for visitors. Tower: By Jan. 1, 2011, Charlotte County can boast its own air traffic control tower. This will have a positive impact on safety and economic growth.
Piper Road: While the Publix distribution center is on the back burner until demographic growth warrants its construction, Publix recently completed $1 million worth of improvements on Piper Road. These improvements provide positive momentum toward the completion of the Piper Road extension, which will link to two Interstate 75 exits — Jones Loop Road and U.S. 17.
Industrial Parks: In addition to the airport authority industrial areas, the airport is flanked by two major industrial parks, on its north and south sides. At the meeting, we learned that a major tenant, a solar manufacturer, recently inked a lease for 40,000 square feet of space at the Park of Commerce, located north of the airport.
Stimulus money: We’ve heard the news that another nearby community airport is suffering from deferred maintenance resulting in blown tires of various aircraft. That is not the case at the Charlotte County Airport. Using $2.5 million in stimulus money and about $2.5 million in grants, WWII-era runways were torn up, enhanced and replaced.
Financial condition: While neighboring airports may be several hundred million dollars in debt, Charlotte County’s airport has approximately $280,000 in debt. This results in an airport on solid financial footings, including a balanced budget.
In conclusion, as we take time this season to count our blessings, our area certainly can count the Charlotte County Airport, and its Executive Director Gary Quill, among them.
For further information on our airport or to book a flight, visit http://www.flypgd.com/
Maryann Mize, CCIM, is senior vice president/senior credit officer at Charlotte State Bank. She can be reached at 941-624-5400 or mmize@ charlottestatebank.com .
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