Summary
During the joint special session involving the Northwest Regional Airport Authority, Grand Traverse County, and Leelanau County on October 14, 2024, significant progress was made towards the approval and bonding of a Terminal Expansion Project at Cherry Capital Airport. Key decisions included the approval of the project itself and the bonding requests necessary for its funding, which aim to enhance the airport's capacity and passenger services.Public Comments
No public comments were recorded during the meeting.Infrastructure Projects
The Terminal Expansion Project was thoroughly presented by Kevin Klein, CEO of Cherry Capital Airport, along with PFM Financial Advisor Sean Wohl and Attorney Patrick McGow. The proposal outlines the addition of five new gates, support amenities, and various improvements to enhance the airport's functionality. Following the presentations, the Northwest Regional Airport Authority voted unanimously to approve the Terminal Expansion Project (Resolution 2024-85) and subsequently requested the issuance of bonds for this project, with both Leelanau and Grand Traverse Counties pledging support (Resolution 2024-86).Specifics of the project discussed included anticipated funding sources such as Airport Improvement Program grants, Bipartisan Infrastructure Grants, State of Michigan Grants, and the issuance of bonds totaling up to $71 million to be financed through airport revenues.