Community Budget Issue Requests - Tracking Id #1833FY0102

Corporate Aviation Terminal - Space Coast Regional Airport

Requester:

David Edwards

Organization:

Titusville-Cocoa Airport Authority

Project Title:

Corporate Aviation Terminal - Space Coast Regional Airport

Date Submitted:

1/18/2002 3:36:21 PM

Sponsors:

Howard Futch

Statewide Interest:

The Corporate Aviation Terminal Complex will serve as a gateway for the corporate executives of companies that locate in the 400-acre Space Commerce Park and 100,000 spuare foot Space Experiment Research and Processing Laboratory (SEROL) currently under construction at the Kennedy Space Center.� For Florida to achieve its goal of becoming the home State of Number One Global Commercial Aerospace Launch/Research Complex, it must have nearby access to up-to-date, competent corporate aviation products and services.� The Corporate Aviation Terminal Complex to be built at Space Coast Regional Airport will enhance Florida's economic growth and competitiveness.

Recipient:

Titusville-Cocoa Airport Authority

Contact:

David Edwards

355 Golden Knights Blvd.

Contact Phone:

(321) 267-8780

Titusville 32780

Counties:

Brevard

Gov't Entity:

Yes

Private Organization (Profit/Not for Profit):

Project Description:

This project compromises Phase One of The Corporate Aviation Terminal Complex at Space Coast Regional Airport.� It incorporates the Corporate Aviation Terminal building, including the utilities, fixtures and furniture required fo rthe public area, public meeting rooms, and Airport Authority offices; a concrete apron designed to accommodate large corporate jets, such as the Gulfsteam 4; a roadway with landscape circular drive in front of the terminal building; and the required vehicular parking spaces.

Measurable Outcome Anticipated:

We conservatively estimate that 27 new direct employees will be required at startup in support of the new corporate aviation terminal; these will include Fixed Base Operator (FBO), car-rental, food service, maintenance and Airport Authority positions.� Average hourly wages for this grup is estimated at $18.00.� These jobs would have an annual direct salary impct totaling nearly $1,010,880 in the community.� The State of Florida will receive estimated FDOT Transportation Fund taxes of $145,000 from incremental first year fule sales.� In addition, this project will help support the State of Florida's desire to maintain the NASA Space Program in the state as the premier gateway to space.� The Space Coast Regional Airport will serve as a transportation center for the Space Experiment Research and Processing Laboratory (SERPL) and Space Commerce Park currently under construction.

Amount requested from the State for this project this year:

$1,700,000

Total cost of the project:

$2,730,000

Request has been made to fund:

Construction

What type of match exists for this project?

Local, Private

Cash Amount:

$1,030,000

Was this project previously funded by the State?

No

Is future-year funding likely to be requested?

No

Was this project included in an Agency's Budget Request?

No

Was this project included in the Governor's Recommended Budget?

No

Is there a documented need for this project?

Yes

Documentation:

Airport Master Plan, May 1996 - This project was short-listed for TOPs Funding 2002

Was this project request heard before a publicly noticed meeting of a body of elected officials (municipal, county, or state)?

No