FAA Reimburses Clinton National Airport $1.9 Million To Cover Land Purchases

Aug 2, 2014

Bill and Hillary Clinton National Airport
Credit littlerock.com

The Federal Aviation Administration is making an installment payment of nearly $2-mil. to Clinton National Airport to reimburse the purchase of land for future development.

The purchase of property north of Dassault Falcon Jet began in 2006 and totaled $10.6-mil. The payment is just one installment in what will amount to a total reimbursement of $8.7-mil.

The land will be used to attract aviation-related industry. Spokesman Shane Carter says Clinton National takes seriously its role as an "economic engine" for the community and must always have land at the ready to attract aviation-supporting businesses, such as Dassault.