SEGUIN TWP. – More provincial and federal money is flowing into the local airport as it continues to grow.
In March, FedNor funding was announced for preparation of commercial land, considered the fourth phase in the commercial development around the Parry Sound and Area Municipal Airport. The same day, Eagle Aircraft was named as a future tenant.
Now, FedNor and the Northern Ontario Heritage Fund are each contributing $235,000 to the airport’s $52,000 to build the company’s future home.
From this, the airport commission will receive $47,000 in rent annually for 20 years.
“We are the envy of every municipal airport in Ontario because we are the only one that makes a profit,” said Sainsbury during Seguin’s May 7 meeting. “We’re the poster child for FedNor and the NOHC because...our last four projects finished on time and on budget.”
Seguin and Parry Sound jointly own the airport, with Seguin having an 80 per cent share. Seguin council formally supported the project and has agreed to pick up any cost overruns.