Another First

In February, Southwest Florida Regional Airport became the first airport in the nation to obtain a line of credit to the Port Authority allowing faster progress on airport expansion projects. The credit line also will help to generate matching state and federal funds months ahead of schedule.

The runway extension project recently received a vote of confidence from the FAA in the form of an $8.2 million grant generated from the FAA's Airport Improvement Program for the lengthening of the runway. While approximately $3.1 million of the grant is entitlement funding, based on the number of passengers flying from the airport in a given year, the remaining $5.1 million is discretionary funding awarded for projects that the FAA determines to be high priorities in developing the national aviation system.

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