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Starting debt free: $8.7M grant secured by Tester buoys Missoula airport project

September 13, 2018View for printing

Starting debt free: $8.7M grant secured by Tester buoys Missoula airport project By Martin KidstonSeptember 12, 2018 An artist's rendering of the new passenger terminal planned at Missoula International Airport.

A round of discretionary funding secured by Sen. Jon Tester will enable Missoula International Airport to advance further into the first phase of building its new passenger terminal, and do so sooner than expected.

Airport director Cris Jensen said Wednesday the $8.7 million secured by Tester from the U.S. Department of Transportation will enable the project's first phase to move forward without taking on debt.

"We've got our timeline fixed, but the funding was the one thing beyond our control," Jensen said. "The debt fills the gap for when we don't have grant funds in place. But since this (grant) is bigger than we expected, it allows us to go further in that construction without having to incur debt."

By Martin Kidston

https://www.missoulacurrent.com/busin ... la-airport/
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