During a recent government meeting, officials discussed significant advancements in the master development plan for the Johnson County Airport, highlighting the completion of the B-two building and the upcoming G-two building, which will span 353,000 square feet. The meeting underscored the importance of partnerships and economies of scale in facilitating these developments, particularly the introduction of aviation pad-ready sites on the east side of the airport, a first for the area.
The financial framework for the master development agreement, approved in 2020, anticipates an approximate 11% return on investment based on the county's tax contributions. The total budget for the project, which includes multiple phases, has been updated to $73 million, with a request for $7.7 million in General Obligation (GEO) bonds to support ongoing improvements.
Key phases of the project were outlined, with Phase 1 nearing completion and future phases strategically planned to maximize resource efficiency. The meeting also addressed procedural requirements for budget adjustments exceeding 10% of the original estimates, ensuring transparency and adherence to the master development agreement.
Looking ahead, officials emphasized the long-term nature of the project, with Phase 4 not expected to commence until 2033. The meeting concluded with a commitment to keep stakeholders informed as the project evolves, reflecting a proactive approach to development and community engagement.