Jul 1, 2015
Jensen Werley, Jacksonville Business Journal
The Jacksonville Aviation Authority is planning two major capital projects and budgeting $5.2 million for the projects in the 2016 fiscal year, according to its budget.
The maintenance and warehouse facility at Jacksonville International Airport, in its final phase of funding, has been budgeted for $2.7 million. It will also get a matching amount from the Florida Department of Transportation.
The main parking plaza, which will have multiple stories, has been budgeted $2.5 million in JAA funds.
The projects are part of JAA's overall budget, which is budgeting $52 million in total operating expenses (including contingency and airline incentives), a $3.5 million increase from this fiscal year, which ends in September.
The JAA also expects to see its operating revenue jump $3.7 million to $77.7 million.
Including the two major capital projects, the authority has budgeted $29.5 million for capital projects, including $15.7 million of its own money.
The budget has been approved by the authority's board, and will next go to the Jacksonville City Council for approval.