Community Budget Issue Requests - Tracking Id #1833FY0102
Corporate Aviation Terminal - Space Coast Regional Airport
Requester:		David Edwards			Organization:		Titusville-Cocoa Airport Authority
Project Title:		Corporate Aviation Terminal - Space Coast Regional Airport			Date Submitted:		1/18/2002 3:36:21 PM
Sponsors:		Howard Futch
Statewide Interest:
The Corporate Aviation Terminal Complex will serve as a gateway for the corporate executives of companies that locate in the 400-acre Space Commerce Park and 100,000 spuare foot Space Experiment Research and Processing Laboratory (SEROL) currently under construction at the Kennedy Space Center. For Florida to achieve its goal of becoming the home State of Number One Global Commercial Aerospace Launch/Research Complex, it must have nearby access to up-to-date, competent corporate aviation products and services. The Corporate Aviation Terminal Complex to be built at Space Coast Regional Airport will enhance Florida's economic growth and competitiveness.
Recipient:		Titusville-Cocoa Airport Authority			Contact:		David Edwards
		355 Golden Knights Blvd.			Contact Phone:		(321) 267-8780
		Titusville 32780
Counties:		Brevard
Gov't Entity:		Yes	Private Organization (Profit/Not for Profit):
Project Description:
This project compromises Phase One of The Corporate Aviation Terminal Complex at Space Coast Regional Airport. It incorporates the Corporate Aviation Terminal building, including the utilities, fixtures and furniture required fo rthe public area, public meeting rooms, and Airport Authority offices; a concrete apron designed to accommodate large corporate jets, such as the Gulfsteam 4; a roadway with landscape circular drive in front of the terminal building; and the required vehicular parking spaces.
Measurable Outcome Anticipated:
We conservatively estimate that 27 new direct employees will be required at startup in support of the new corporate aviation terminal; these will include Fixed Base Operator (FBO), car-rental, food service, maintenance and Airport Authority positions. Average hourly wages for this grup is estimated at $18.00. These jobs would have an annual direct salary impct totaling nearly $1,010,880 in the community. The State of Florida will receive estimated FDOT Transportation Fund taxes of $145,000 from incremental first year fule sales. In addition, this project will help support the State of Florida's desire to maintain the NASA Space Program in the state as the premier gateway to space. The Space Coast Regional Airport will serve as a transportation center for the Space Experiment Research and Processing Laboratory (SERPL) and Space Commerce Park currently under construction.
Amount requested from the State for this project this year:						$1,700,000
Total cost of the project:			$2,730,000
Request has been made to fund:				Construction
What type of match exists for this project?					Local, Private
	Cash Amount:		$1,030,000
Was this project previously funded by the State?							No
Is future-year funding likely to be requested?							No
Was this project included in an Agency's Budget Request?							No
Was this project included in the Governor's Recommended Budget?							No
Is there a documented need for this project?							Yes
	Documentation:		Airport Master Plan, May 1996 - This project was short-listed for TOPs Funding 2002
Was this project request heard before a publicly noticed meeting of a body of elected officials (municipal, county, or state)?							No