HomeMy WebLinkAboutEstimated Costs to move the Airport.pdfEstimated Costs to Move the Airport*
2018
Potential
Additional
Funds Needed 2019
Potential
Additional
Funds Needed 2020 2021 Totals
EA (Environmental
Assessment)150,000 500,000 650,000$
Land 4,509,000 4,000,000 8,509,000$
Phase I Construction 7,570,500 7,570,500$
Phase II Construction 7,498,000 7,498,000$
Total Federal Share 150,000$ 500,000$ 4,509,000$ 4,000,000$ 7,570,500$ 7,498,000$ 24,227,500$
Local Match (10%)**2,422,750$
Total Cost 26,650,250$
Necessary Savings for Match (Excludes the normal match for ongoing maintenance at the current Airport)
2015 2016 2017 2018 2019 2020 2021
City of Rexburg 185,000 80,000 189,275$ 189,275$ 189,275$ 189,275$ 189,275$ 1,211,375$ 50%
Madison County 242,275$ 242,275$ 242,275$ 242,275$ 242,275$ 1,211,375$ 50%
2,422,750$ 100%
*These are estimated CIP estimates from FAA Airport Planner Scott Eaton with the following considerations from him:
The planning amounts we are using for a new airport in Rexburg are below. These are used for Planning Purposes Only and should not be construed as a
guarantee of funding. These costs and years to accomplish the specified projects are only preliminary estimates based on the submitted CIP, available
funding, planning assumptions and past experience.
** We should be able to use the revenue from the sell of land at the old airport as part of our match, but we may also choose to use that to help hangar
owners move their hangars to the new airport site. We will need the cash match for the grant prior to selling the old airport land.