ST Aero deal inches forward

PENSACOLA, Fla. – City and county staff reached a tentative agreement on how to split the $8 million cost for bringing an ST Aerospace aircraft maintenance facility to Pensacola International Airport. The county would pay $4.8 million and would loan $3.2 million to the city. Details still need to be hammered out. The City Council and Escambia County Commission are slated to discuss the issue Thursday. In December Mayor Ashton Hayward announced a tentative agreement with ST Aerospace, which also has a 1,500-employee operation in Mobile, Ala. The city would build a hangar and other facilities on 18.66 acres of city-owned land at the airport, using a combination of federal, state, local and private funds. Construction would take more than $37 million and 18 months to complete. (Source: Pensacola News Journal, 02/11/14) Previous