Airport Officials See Brighter Budget After COVID Downturn

Monday, May 17, 2021 - by Joseph Dycus

The Chattanooga Airport board on Monday approved what President Terry Hart and Chairman Daniel Jacobson deemed a “conservative” budget. Both expect 2022 to be far more profitable than a 2021 that is still feeling the effects of the COVID-19 pandemic, but they and the board are remaining conservative with their estimates.

 

On the revenue side of things, the Chattanooga Airport expects about $16 million in income this year, and officials have set the 2022 budget with the expectation they will bring in $20.5 million in revenue.

Half of the revenue will come from the FBO - Wilson Air Center, and a sizeable amount will come from parking, which should increase as more people fly and park at the airport.

 

Meanwhile, the Chattanooga Airport is working under the assumption it will spend around $12.7 million in 2021, and that will increase to approximately $14.8 million in 2022. The vast majority of those expenses come from the FBO, and from salaries and benefits.

 

The airport will come out with about $5.7 million in net operating revenues in 2022, and $3.6 million will go to debt service. The rest of 2022’s net revenue will go to capital investments, creating a balanced budget.


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A new car wash is planned at the corner of E. Main Street and Holtzclaw Avenue. Jeffery Nation owns the 1.9-acre site. A request before the Planning Commission is for a setback deviation ... (click for more)

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Business

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A new car wash is planned at the corner of E. Main Street and Holtzclaw Avenue. Jeffery Nation owns the 1.9-acre site. A request before the Planning Commission is for a setback deviation to allow for the required space for cars to exit the car wash. Berry Engineers is handling the project. (click for more)

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