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Henry County, GA

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Henry County
140 Henry Parkway
McDonough, GA  30253
(770) 288-6270

Michael Toney
474 Speedway Blvd.
Hampton, GA  30228
(770) 288-7834
Fax: (770) 288-7828

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First Installment of FAA Funding Comes Through For Henry County’s New Airport

Henry County has received the first installment of payments promised by the Federal Aviation Administration (FAA) for Henry County’s new airport (formerly Tara Field).  The $10 million in funding was promised by the end of September, and came in the form of two grants, one totaling $1,436,842, which is funded by the FAA using GDOT as a conduit to distribute the funds.  This was $36,842 more than had been anticipated, and this amount may be used to help fund future expansion projects at the airport, or may be returned to GDOT.  The second grant is for $8.6 million which is funded directly from the FAA.

The remaining $5 million of the $15 million the FAA agreed to pay toward the $17.7 million price tag is expected to come via two more payments, one in March and one in September of 2012.  Henry County’s portion, totaling just $2.7 million, has been spread out over three budget years, with the next payment of $1 million not due until September 2012, and the last payment of $403,403 being paid in September of 2013. 

The purchase of 542 total acres of land includes the airport, taxiways and contiguous properties, a hangar and 217 acres of adjacent land that had been owned by the Clayton County Water Authority.  Combined, the properties have been independently appraised for more than $25 million – more than nine times what Henry County paid for it.

Henry County is in the process of selecting a Fixed Base Operator(FBO) and airport manager to operate the facility, which would insulate the County from all operating losses at the airport while also allowing the County to share in a portion of the profits.  The facility is expected to begin turning a profit in 2014, once the planned  improvements are complete.

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Last updated: Tuesday October 04 2011

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