Project Total Estimate $4.9 Million - Local IDA's to Help With Funding

Following the recent bid opening, the project budget estimate is now expected to be $4,988,298 to rehabiliate runway 6/24.

The estimate project funding is as followed:

• Federal Aviation Administration (95%) $4,738,883.10
• Virginia Division of Aviation (3%) $149,648.94
• Local Funding (2%) $99,765.96

Originally, the airport has planned and expected the project to be around $4.2 million; as such we had collected $82,840 of the local match. The Industrial Development Authorities (IDA's) in Pulaski County, Montgomery Gounty, Giles County and the City of Radford have agreed to help us in funding a large portion of the required local funding we were short. This will allow the project to continue as planned, with construction estimated for this summer.

A big THANK YOU to all the IDA's for their support of this vital project.