The new Hangar 10 aviation services complex at the Kansas City, Mo., Charles B. Wheeler Downtown Airport (MKC) recently broke ground on Phase II of its construction project after being awarded a $3.5 million tax credit by the State of Missouri.
Missouri Governor Jay Nixon announced the decision to award the tax credit based on an application made by the City of Kansas City to the Tax Credit for Contribution Program (TCCP). The program historically issues one-time economic incentives aimed at stimulating the local economy through investments in infrastructure.
Over the past two years, the Kansas City Aviation Department has been involved in a program to upgrade the airport infrastructure and has initiated more than $90 million in refurbishment and construction projects designed to improve the airport’s runways, taxiways.
According to Brad Chandler, general manager of Hangar 10, the tax credit will be used to offset 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 its master-planned 91,000-square-foot aviation services complex, which is located on 10 acres at the Northwest end of the airfield. Under this initial phase a temporary terminal facility was constructed along with a new 40,000-gallon fuel farm and an ramp built to accommodate fully fueled transport sized business aircraft such as a Boeing BBJ.
Phase II will include the construction of a new terminal building and the first of three planned hangar bays, which will total 56,000 square feet when completed.
For more information: 913-515-8557 or Hangar10mkc.com.