By 1812Blockhouse
Mansfield City Council’s continued support of the fueling depot project at Mansfield Lahm Airport was clear at its meeting on Tuesday night, as three pieces of legislation were passed to extend tax abatement to the new facility.
This proposal was first discussed by Council back in early November. As our story covering that meeting shared, the nearly $2 million project will further enhance Lahm’s appeal and operational capacity.
The investor in the fuel depot is Niss Aviation FBO, the new FBO operation that will, as part of the project, build a new 15,000 square feet hangar. Total investment will reach approximatly $2 million, $1.5 million of which is in that hangar construction.
As shared by Economic Development Director Tim Bowersock, the Community Reinvestment Area (CRA) agreement will provide a 100% tax abatement for 15 years. Also approved were school compensation agreements for Crestview Schools and Pioneer Career & Technology Center.
Crestview Schools will be receiving the same amount of compensation as if the abatement was not in place. Both schools have waived the statutory comment period and support the project.
The planned completion date for the fuel depot is November 2021.
