TEXARKANA, Ark. — A pandemic reduction grant of greater than $1.15 million may pace Texarkana Regional Airport’s new terminal venture, slicing development time by a yr, the airport’s director stated Wednesday.
The airport will use the cash partly to pay matching funds required by different packages financing the brand new terminal, Director Paul Mehrlich stated. These matching funds in any other case can be paid by the cities of Texarkana, Arkansas, and Texarkana, Texas, in future annual allocations. With the ability to pay them now may shorten terminal development time by a yr, shifting up the tentative opening date to fall 2023, Mehrlich stated.
Administered by the Federal Aviation Administration, the funds are a part of $10 billion allotted by the Coronavirus Assist, Reduction, and Financial Safety Act to help airports nationwide in the course of the financial slowdown brought on by the pandemic. Texarkana Regional is considered one of 76 Arkansas airports that may obtain a complete of greater than $51.three million, in line with an FAA assertion.
Texarkana Regional’s grant will offset a beforehand anticipated lack of about $400,000 due to decreased income associated to the pandemic, which has triggered a steep decline within the variety of air vacationers nationwide
In March, Texarkana Regional laid off 5 staff, citing that anticipated deficit. The airport is not going to use the coronavirus reduction grant to rehire these staff, however will use it to safe price range move via subsequent yr because the airline business recovers and stabilizes, Mehrlich stated.
Texarkana’s Airport Authority in March additionally waived American Airways’ touchdown charges for 4 months as an incentive to proceed its twice-daily flights between Texarkana and Dallas. These flights are persevering with, however American has floated the concept of ceasing or limiting operations in Texarkana, Tyler, Texas, and Longview, Texas, to chop prices.
For now, Mehrlich needs the general public to know that Texarkana Regional is obtainable to them as ordinary.
“The airport is continuous to function,” he stated.
Gazette reporter Greg Bischof contributed to this report.