This was the fifth public hearing held by the County of
The company has proposed construction of a 278,000-square-foot, two-bay hangar for maintenance, repair and overhaul of wide-body aircraft on the flight line at
Plattsburgh Town Supervisor
It remains easy to see the huge potential economic impact it would have on the regional economy, he said.
"I would like to make note we have embraced the project from the original announcements."
"We have no specific plans at this point to proceed," he said.
Edwards described the hearing as another step in the process to ensure they can immediately move forward with the bond issuance if and when the necessary equity financing is secured.
The company continues efforts to secure the funding and began working last year with a new, as-yet-undisclosed financial adviser on that process.
"We want to have all of the administrative steps out of the way," Edwards said.
NO LOCAL OBLIGATION
The IDA would be responsible for lease of a 68-acre parcel on the flight line, while the County of
IDA Executive Director
Plans now call for 70 head-office personnel and 940 hangar-operation staff at full operation.
At its next meeting, the IDA Board of Directors is expected to authorize the issuance of the bonds at Laurentian's future request.
Then, similar approval is needed from the
Those approvals are good for up to one year, Hynes said.
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