Wed, Dec 01, 2010
Master Airport Access Agreement Executed At New Northwest
Florida Airport
Northwest Florida real estate developer The St. Joe Company
(“St. Joe”) has executed a Master Airport Access
Agreement with the Panama City-Bay County Airport and Industrial
District regarding through-the-fence access at the new Northwest
Florida Beaches International Airport.
As previously announced, St. Joe donated 4,000 acres within the
West Bay Sector Plan for the airport’s construction. The
Agreement announced today sets forth the process for implementing
the through-the-fence rights originally established in the Land
Donation Agreement. St. Joe worked closely with the Airport
District on both agreements, which also reflect input from the
FAA.
Through-the-fence access will allow companies within
VentureCrossings Enterprise Centre, St. Joe’s new commercial
development adjacent to the airport, direct access to airport
taxiways and runways. The Agreement identifies three initial
through-the-fence access points within VentureCrossings and
provides for flexibility as to the number and location of
additional access points.
Under the Agreement, companies engaged in a wide range of
industrial and aviation related operations may utilize the
through-the-fence rights. St. Joe is moving forward with the
planning and permitting process for construction of improvements
necessary to meet the operational needs of end users.
“The execution of the Master Airport Access Agreement is a
significant milestone for St. Joe and further advances our
commercial development plans around the new airport,” said
Britt Greene, President and CEO of St. Joe. “The agreement
provides a clear roadmap for through-the-fence operations at our
VentureCrossings development. With taxiway and runway access,
virtually unlimited greenfield expansion capability adjacent to an
international airport, and the ease of contracting with a single
private entity, we are confident that VentureCrossings will be an
ideal location for businesses across a wide range of
industries.”
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