News
Hangar 10 Project Enters Phase II at MKC
Awarded a $3.5 Million Missouri State Tax Credit
Please See Complete Release Attached
October 5, 2009, Kansas City, MO, Charles B. Wheeler Downtown Airport (MKC)
Missouri Governor Jay Nixon, right, is briefed on Hangar 10’s Phase II construction plans by owner James Stowers III at the Kansas City, MO Charles B. Wheeler Downtown Airport (MKC). Gov. Nixon announced the decision to award a $3.5 million tax credit to the Hangar 10 project based on an application made by the City of Kansas City, MO to the long established Tax Credit for Contribution Program (TCCP).
According to Brad Chandler, General Manager of Hangar 10, the tax credit will be used to offset extraordinary costs incurred during the initial construction phase including extensive work to stabilize poor soil conditions. Chandler said the tax credit was a necessary financial component to complete the construction project.
Hangar 10 opened in May after completing Phase I of their master-planned 91,000 sq. ft. aviation services complex. The initial phase included construction of a temporary terminal, a 40,000 gallon fuel farm and extensive ramp improvements. Phase II will include the construction of a new terminal building and the first of three planned hangar bays which will total 56,000 sq. ft. when completed.
For more information, contact:
The Jackson Group
Ron Jackson
ph: 972-979-6566
Ron@TheJacksonGroup.biz
Download the full press release
Downtown airport project gets $3.5M in Missouri tax credits
Kansas City Business Journal
September 29, 2009
The Kansas City Business Journal explains the details of the $3.5 million in tax credits for the Hangar 10 project.
A KCTV5 News video report on the construction of Hangar 10 at the Kansas City Downtown Airport.
“An upgraded Wheeler Downtown Airport has the potential to serve as an exciting tool for economic development for Kansas City and the entire region, resulting in new jobs for hard-working Missourians,” Nixon said.
Gov. Jay Nixon just announced the state’s decision to award $3.5 million in economic incentives to complete the $20 million “Hangar Ten” project on the northwest side of Wheeler Airport just north of downtown.
A Missouri finance board has approved $3.5 million in tax credits for improvements at Kansas City’s downtown airport.
Missouri Gov. Jay Nixon held a news conference Monday to announce $3.5 million for a new hangar, terminal and office space.