Friday, March 7, 2014

ST Aero deal OK'd

PENSACOLA, Fla. -- The Escambia County Commission on Thursday pledged $8 million in local option sales tax revenue to bring an aircraft maintenance and repair facility at Pensacola International Airport. Commissioners voted 4-1 in favor of the allocation, formalized by an interlocal agreement with the city of Pensacola. The agreement was ratified last month by the Pensacola City Council. The county will loan the city $3.2 million, to be repaid by 2020, and provide a further $4.8 million in direct contributions to get ST Aerospace and 300 jobs. (Source: Pensacola News Journal, 03/06/14) Previous