SALISBURY -- Wicomico County officials last week approved a conditional $500,000 loan to the Salisbury-Ocean City-Wicomico Regional Airport for improvements and upgrades to hangars in an effort to help ensure the facility continues to be a major transportation hub on the Lower Shore and possibly even expand its presence.
“The complex was built some time ago and it is in need of leak-proofing the roof, windows and doors and repainting,” Director of Administration Wayne Strausburg said. “They are asking for a conditional loan to complete the work, which will help ensure Piedmont stays. Essentially, the county will act as a pass-through for the loan.”
The loan is conditional in the sense its status is tied directly to the number of jobs the airport creates and retains. The loan could be converted to a grant if the established thresholds are met, or it could be paid back in full if the airport fails to meet the stated employment numbers and other milestones.
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6 comments:
A loan? Last week or so they were crying the tower will be closed.
The loan could be converted to a grant? WTF. It will end up being a grant, no doubt about it. Typical liberal Democratic politics.
Now if they can get a half way decent airline there, it would be worth it!
Sounds to me like someones construction company needs some work they don't have to bid on and can charge whatever they want...all you need is one or two jobs like this a year and you can vacation the rest of the time. And let the taxpayers pay for it!
5:41
A grant possibly, but you and I will get the bill eventually.
So, we went from closing the tower and getting rid of the AT Controllers working there to reopening it, adding a half million dollars to patch a roof, and adding more employees so we won't have to pay the money back.
Stellar. A Liberal's dream.
That will save the economy.
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