FMA is NOT using local taxpayer dollars to acquire the Flying Hat Ranch.
Should the purchase be approved, 93.75 percent of the purchase price will be paid for by a generous grant from the Federal Aviation Administration’s Airport Improvement Program (AIP). The remainder will be paid for by Friedman Memorial Airport, not by local taxpayers.
It’s important to know that the airport is self-sustaining. All airport revenues are derived from airport user fees. This means all airport expenses are paid for by the people and businesses that use the airport – no general city or county general tax funds are required to support airport operations and maintenance expenses.
In fact, the Friedman Memorial Airport receives NO LOCAL TAXPAYER DOLLARS, but yet contributes more than $305 million in economic impact to the valley. The airport creates jobs both on and off the field, brings essential services and vital tourism dollars to the valley, and helps create a rich tax base for public schools and infrastructure.