Mon, Jan 12, 2004
Innovative Public/Private Partnership Will Demolish Old Aeronca
Facility
A public/private
consortium in Ohio has received a $3 million grant from the Clean
Ohio Fund to demolish the original home of Aeronca in hopes of
making the 18-acre site a flashpoint for economic development. The
Dayton Business Journal reports city officials in Middletown (OH)
are working with Aeronca to rehabilitate the site at Hook
Field.
"We want to see this airport become an economic development
amenity," said Larry Wood, director of the Middletown Economic
Development Corp. "Is it going to be like Dayton International or
Cincinnati? No. We're going to be a destination and home for the
corporate jet community and other aviation-related businesses."
"This is very important acreage and a key location," said
Middletown City Manager Ron Olsen. "It's key to the airport. To
keep that kind of industry near the airport and have that
opportunity for growth there is really important."
The plan came together after Middletown decided it wanted to
keep Aeronca from relocating. In order to do that, it offered the
company some leeway in deciding how best to deal with the unused
real estate, which borders the runway at Hook.
Of the $3 million to be used at the site, Aeronca put up the
majority of a $1 million matching fund. Most of the money -- $2.5
million -- will be used to dispose of asbestos in the original
Aeronca plant and to clean up contaminated ground surrounding the
building.
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