You are the owner of this article.
Mason City Municipal Airport to receive $2 million in federal funding
alert featured
MASON CITY

Mason City Municipal Airport to receive $2 million in federal funding

{{featured_button_text}}
Mason City Municipal Airport

The Mason City Municipal Airport terminal remains open, but its administrative offices are closed.

When the Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law by President Donald Trump on March 27, it included $10 billion in relief funds for airports that have been affected by the economic disruptions stemming from the pandemic. 

In Iowa, about $70.46 million in funding is being disbursed to 79 airports across the state. And one of the aviation hubs that is seeing some relief come in is the Mason City Municipal Airport. 

According to Mason City Airport Manager David Sims, the airport is receiving $2.41 million in CARES funding which is intended to replace lost revenue resulting from the sharp decline in passenger traffic and other airport business. (Large airports such as Hartsfield-Jackson International in Atlanta have seen 85% declines in traffic since the pandemic began to spread.)

"Our airline is still operating but the passenger traffic for March was down 50% and I’d guess it would be down even more this month. Traffic is way way down. Almost non-existent," Sims said. And that funding the airport is receiving will be used over the next several years to help with operating and capital expenses. 

In a press release, Sims said that funding amounts were determined based on three key factors: the number of annual boarding passengers, the amount of debt currently owed and the airport's classification. As a smaller area hub that's seen its passenger totals tick upward, the airport was better positioned to receive more money. (Before the recent downturn, the Mason City Airport had been doing well enough with traffic that it unlocked $600,000 in funding from the federal government to use on rehabilitation projects.)

But even with the funding infusion, Sims recognized that there's still plenty of uncertainty at a time when the travel industry is being hit so hard:

"We’re doing the best we can right now. This is an unusual situation that no one has ever encountered before."

Reach Reporter Jared McNett at 641-421-0527. Follow him on Twitter and Instagram at @TwoHeadedBoy98. 

What a Globe Gazette News+ membership can do for you:

  • A deeper examination of local issues than you'll find anywhere else.
  • Two products in one – not everything that's in the print edition of the Globe Gazette is on our website, and not everything on our website is in the print edition.
  • Access to newspapers.com archives dating back two years.
  • The ability to carry your local news with you and receive alerts instantly as news unfolds.
  • Advertising that frequently gets you deals you won't find anywhere else.

You can join here (https://bit.ly/2PtWJs1) for as little as $5 a month.

1
0
0
0
0

Be the first to know

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Related to this story

Get up-to-the-minute news sent straight to your device.

Topics

News Alerts

Breaking News