SARA gets boost in rent payments
Published 2:02 am Saturday, November 4, 2017
South Alabama Regional Airport recently started receiving an extra $5,000 a month from Vector Aerospace.
Now, Vector pays $30,000 per month for its space.
SARA Executive Director Jed Blackwell said that means that the Covington County Commission now receives $15, 265 per month, up from $13,222 a month.
The city of Andalusia receives $12,070 per month, up from $10,455 a month, and the city of Opp receives $8,165 per month, up from $7,073.
SARA retains $1,500 a month for maintenance.
The breakdown is congruent with the agreement among SARA and the three entities, when the entities refinanced the airport debt.