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Still digging -- A breakdown of the airport budget
Updated: August 21, 2010, 12:35 AM
The NFTA is still looking for $14.5 million to pay for the new terminal and other improvements at the Niagara Falls International Airport. Here is the project budget and revenue stream:
Terminal
To be determined: $13.2 million
Casino revenue: $12.2 million
State money:$ 2 million
Niagara Economic Development Fund: $2 million
Falls airport capital reserve: $1.4 million
Federal Transportation Administration: $320,000
State Airport Improvement and Revitalization Grant Program: $300,000
NFTA match: $80,000
National Fuel: $23,898
Total: $31.6 million
Apron and landside improvements
Federal Airport Administration: $9.1 million
To be determined: $1.3 million
State Department of Transportation: $238,363
NFTA match: $238,363
Total: $10.9 million
TOTAL PROJECT: $42.5 million
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