FAA To Contribute Funds To New Myrtle Beach Terminal | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 05.23.16

Airborne 05.24.16

Airborne 05.25.16

Airborne 05.26.16

Airborne 05.27.16

Airborne Hi-Def On YouTube

Airborne 05.23.16

Airborne 05.24.16

Airborne 05.25.16

Airborne 05.26.16

Airborne 05.27.16

AEA2016 LIVE Aero-TV: 04/27-0830ET, 04/28-1400ET, 04/29-1100ET

Sun 'n Fun 2016 Innovation Preview on Vimeo!

Sun 'n Fun 2016 Innovation Preview on YouTube!

Sat, Jan 21, 2006

FAA To Contribute Funds To New Myrtle Beach Terminal

Project Hit By Delays, Cost Overruns

The FAA has agreed to contribute $43 million towards building a new terminal at Myrtle Beach International Airport (MYR) -- which should go a long way to reducing the sizable deficit in funds the project has accumulated in the past year.

The funds, which still have to be approved by Congress, would reduce the amount of funding still needed to cover the $228.8 million project to $15 million, according to current cost estimates provided by Horry County to the Myrtle Beach Sun Times.

"I am completely confident that within three years we will be flying out of that new terminal," County Council Chairwoman Liz Gilland told the newspaper.

Gilland traveled to Washington, DC last week to discuss the funding plan with US Senators. Lindsey Graham and Jim DeMint, and US Rep. Henry Brown. Officials are hoping the state will agree to fund the remaining $15 million once the FAA grant is approved. 

"This is a big first step in making the new airport a reality," DeMint said in a prepared statement. "Together with over $80 million approved for I-73, the terminal will be another critical piece of the region's plan to diversify its economy and create jobs of the future."

Myrtle Beach is served by several airlines, including Delta, AirTran, US Airways, Spirit, and Northwest.

The new terminal -- already one of the costliest projects in the county -- has been beset by cost overruns and delays. The project is currently on hold, after the city recently fired its original architectural firm, HNTB Architecture Inc. of Washington, DC, following an ongoing dispute over how much the contractor was owed.

Still, the county and city are hopeful the project is now within reach. The county is currently appraising airport property that could be sold to raise cash, as well as possible funding available from the TSA to cover expected security needs.

Should the state not step up, the county could borrow the money -- Horry County already plans to bond $70 million for the terminal, and could bond the additional funds as well.

It is unclear, however, if the city council would want to put the city on the hook for some much... especially as costs could swell even more in the future.

The terminal project's lead contractor, Skanska USA, is expected to prepare a guaranteed price for the county by midyear -- meaning if costs exceeded that total, the county wouldn't be on the hook.

But that was supposed to be done about a year ago, according to the council.

"We need to continue to lock down the cost figures," County Councilman Howard Barnard said. "We have a great estimate, but we need to get that more firm."

FMI: www.horrycounty.org/depts/airports/index.asp

Advertisement

More News

Aero-News: Quote Of The Day (05.30.16)

"We take great pride in Vietjet selecting the game-changing Geared Turbofan engine to power their aircraft fleet. Customers continuously recognize that this engine represents the p>[...]

Airborne 05.27.16: More MH370 Debris, Airport 4 Sale, Hurricane Hunters

Also: PWC PW307D, Icon Scandal, Memorial Day, IASO, Nat'l Warplane Museum, Gogo Cloud, Orbital ATK, Honor Flight Austin The Australia's Minister for Infrastructure and Transport, D>[...]

National Warplane Museum Establishes Crowdfunding Effort

Campaign Is Titled 'Let's Do A Little More For Les' The National Warplane Museum has kicked off its first ever crowd funding project. While many are aware of crowdfunding and how i>[...]

Delta Flight Intercepted By Greek F-16s

Airliner 'Briefly' Out Of Contact With Air Traffic Controllers On the same day that EgyptAir Flight MS804 disappeared from radar over the Mediterranean Sea, another airliner was in>[...]

Toledo Police Helicopter May Be Grounded

Department Seeks Grants To Help Keep Aircraft Flying The police department in Toledo, OH may be forced to ground its helicopter unless it is able to identify a grant for the $300,0>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC