PROVO — With funding from the Utah Legislature approved late Thursday, Provo Municipal Airport’s new terminal project is now fully funded.
Building the four-gate terminal is estimated to cost around $41 million, and now that all funds are secured, the city could break ground this fall and cut the ribbon as early as 2020.
Provo Mayor Michelle Kaufusi said she was “beyond excited” about the Legislature’s approval.
“This landmark decision stands to impact our region in a positive way for decades to come,” she said in a news release. “A number of legislators were key on this, but none so much as (House Majority Leader) Francis Gibson, who really championed this effort from its early stages through the final hours of the session when the funding came through.”
The state money came through SB268, which authorizes a bond for funding $1.6 billion worth of statewide transportation projects, including the $9 million for the Provo airport. It was introduced late in the session on March 8 and sponsored by Gibson, R-Mapleton.
The Legislature was at an impasse over the budget earlier this week due to tax reform, raising worries that the money might not be approved.
“We could get caught up with a lot of other funding requests in that battle,” Isaac Paxman, Provo deputy mayor, said earlier in the week.
He added that most lawmakers support the project.
“There’s great support from everyone that we’ve been able to talk to, there’s a lot of hope and a lot of momentum for this project especially now that we’ve got the county funding piece in place,” Paxman said. “That to us seems to signal that the legislators recognize this is a rare opportunity to boost the economy and the convenience and quality of life by helping us get a four-gate terminal in Provo.”
Utah County commissioners approved $4.3 million in funding Tuesday.
“I’m thrilled that the county commissioners have thrown their enthusiasm and their financial support behind this project,” Kaufusi said after that vote. “The decision to fund this terminal is the kind of forward-looking action we need.”
The remaining funds come from an estimated $8 million grant from the Federal Aviation Administration and about $19 million in dedicated funds from the city.
Days before the legislative session ended, Provo officials were keeping their fingers crossed the money would come through.
“We think all signals are that this could still happen in these last couple of days, so we’re very hopeful for …read more
Source:: Deseret News – Business News