HUGO — Regardless of the size of a community, airports are widely accepted as being vital to any growing city. Going hand in hand with having a quality airport that can accommodate business aircraft, is the ability to garner state and federal grants which often comprise 90-95% of a project’s costs.
But there’s a catch. State and federal grants come with strings — often called stipulations or assurances — which the recipient city must closely follow to satisfy not only the current grant, but to be eligible for future grants. Without future grants, few communities have the financial resources to keep airports operational because of the extreme costs of paving and airport-related maintenance.
For the full story, visit www.hugonewsonline.com or purchase a copy of the Tuesday, March 25 edition of the Hugo News.