Apr 11, 2017
No vacancy: airport fills vacant hangars
TEMPLE – After remaining vacant for more than a year, the City of Temple has found a tenant for two large hangars at the Draughon-Miller Central Texas Regional Airport.Colorado-based Utility...
TEMPLE – After remaining vacant for more than a year, the City of Temple has found a tenant for two large hangars at the Draughon-Miller Central Texas Regional Airport.
Colorado-based Utility Aviation entered into a contract effective April 1, 2017, to rent the two hangars, totaling 94,000 sf.
The company will provide civilian and military flight training as well as helicopter repair.The contract is a one-year lease with multiple options for renewal.
Utility Aviation will pay the city 17 cents per sf, equating to about $16,000 per month or $192,000 per year for rent.
The U.S. Army Aviation and Missile Command, known as AMCOM, occupied the hangars for more than a decade before relocating to Fort Hood in September 2015.
The contract will bring in less money than AMCOM did, but Director of Finance Tracy Barnard said it will still generate significant revenue for the city.
Check out Temple’s Major Employer list here.
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