“We realized that the commission structure hindered our way of doing business in an efficient manner,” he explains.
General Contractor: Elmer’s Crane & Dozerįuture Capital Project: Terminal Expansion Scope: Adding 424 spaces to 1,000-spot lot Previous Status: Since 1990, airport had been owned by 2 local counties & operated by their bi-county commissionĬurrent Status: Owned & operated by airport authority with 9-member board that includes 5 community representativesĬonsultant for Governance/Ownership Change: Steven Baldwin AssociatesĪir Service Development Consultants: Mead & Hunt, assisted by The Boyd GroupĬurrent Capital Project: Parking Lot Expansion Scheduled Carriers: Allegiant American Airlines Delta Air Lines United Airlines
Location: Cherry Capital Airport-Traverse City, MIĢ020 Passenger Volume: 602,626 total passengers (record high) The airport was actively marketing 70 more acres for additional non-aeronautical development, and he wanted there to be fewer speed bumps for potential tenants. Klein, A.A.E.Īfter the lucrative 60-year deal with Costco was sealed, Klein knew things had to change. The fastest approval came from the FAA, and that took 11 months, notes Chief Executive Officer Kevin C. The transaction with the airport commission eventually happened and TVC gained a new $167,000 per year revenue stream, but it took 10 different governmental agencies to approve the land lease. The members-only retailer wanted to lease a high-profile, 20-acre parcel designated for non-aeronautical use. The warehouse giant wanted to build its first store in western Michigan on land at the Traverse City airport, but red tape made it a long process.Ĭostco approached TVC in 2013 after a nearby site from another landowner didn’t pan out. came knocking at Cherry Capital Airport (TVC), it took four years for the local airport commission to open the door.
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