City officials in Concord have asked the Federal Aviation Administration for nearly $80 million in funding for improvements at Concord Regional Airport, according to news reports.
“It certainly is a benefit to the city of Concord with our tax base, but also because of the jobs it brings to here and the whole area,” said Mayor Scott Padgett said, according to Time Warner Cable News.
The regional airport’s recent success has been bolstered by Allegiant Airlines’ (NASDAQ:ALGT) commercial service, which arrived late in 2013 and added more flights this year. It also ranks among the top 10 airports in North Carolina for corporate jet activity.
A recent report in the Independent Tribune of Concord details some of the planned projects, which would take place over a five-year period. Those include a $40 million separate terminal on the airport’s east side, relocating the traffic control tower, land acquisition and new security fencing.