FAA awards Arkansas airports $51M for economic relief as a result of coronavirus pandemic
Washington,
April 14, 2020
FAA awards Arkansas airports $51M for economic relief as a result of coronavirus pandemic
5 News Online 04/14/2020 U.S. Senators John Boozman and Tom Cotton—along with Congressmen Rick Crawford, French Hill, Steve Womack and Bruce Westerman—applauded the Federal Aviation Administration (FAA) for awarding a total of $51 million in grants to Arkansas airports affected by the prevention of, preparation for, and response to the coronavirus pandemic. “These much-needed funds will help Arkansas airports continue operations, as well as support their employees and the businesses that rely on air transportation. These grants will ensure the viability of our airports once we’ve beaten the coronavirus,” the delegation said. The Coronavirus Aid, Relief, and Economic Security (CARES) Act—which recently became law with the support of the Arkansas delegation—includes $10 billion in economic relief funds for airports nationwide. The CARES Act increased funding for the Airport Improvement Program (AIP) and eliminates the need for grant recipients to contribute a matching percentage of project costs. It also creates a new funding stream that allots money based on formulas that include the number of annual boardings and the amount of debt and money in reserve for each airport. The following funding allocation details were provided by the office of Congressmen Steve Womack. Third District airports receiving funds include: Bentonville Municipal Airport (Bentonville) - $69,000 Boone County Airport (Harrison) - $69,000 Carroll County Airport (Berryville) - $20,000 Drake Field Airport (Fayetteville) - $69,000 Fort Smith Regional Airport (Fort Smith) - $11,614,426 Marion County Regional Airport (Flippin) - $20,000 Northwest Arkansas National Airport (Bentonville) - $8,217,024 Rogers Executive Airport (Rogers) - $157,000 Russellville Regional Airport (Russellville) - $69,000 Smith Field Airport (Siloam Springs) - $30,000 Springdale Municipal Airport (Springdale) - $69,000 |