New Airport Grants Secured
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Mayor Massad and the Airport Committee have made even more progress in securing the funds needed to bring the city’s once thriving and top of the line airport back from a state of complete disrepair. Every year the FAA gives each city with an airport a $150,000, 90/10 grant. Meaning the government pays 90% and the city matches 10% of the $150,000. That accumulates every 4 years and if not used, the money goes to another city willing to use it. Right now, Holdenville has accumulated the full $600,000. Word was just received that part of the Covid-19 stimulus package just passed by the federal government changed those 90/10 grants to 100% grants. Meaning the government pays the full $600,000 and the city has to match none of it. This means that the city of Holdenville now has just shy of $2,000,000 to re-do the runway, all taxi ways, hangers, and the terminal at no cost to the city. More on this story as it develops.