The Commonwealth of Kentucky intends to lease up to three (3) parcels of land at the Capital City Airport, Frankfort, Kentucky (CCA), for the purpose of constructing. operating, and maintaining executive box hangars (the “Hangars’). The Hangars are intended to attract business jets and other airplanes to be based at the Capital City Airport. The CCA benefits from the based aircraft directly in the form of sales of aviation fuels and, indirectly by improving the eligibility for FAA grants and providing opportunities for employment for pilots, mechanics, and airport personnel. The larger community consisting of the City of Frankfort, Franklin County and surrounding counties will also benefit from increases in business and leisure visitors, jobs, and payroll taxes.
