Airport Authority asks city for loan
Loan for improvements discussed at meeting
November 12, 2014
Following the damaging tornadoes that hit Wayne and its surrounding areas, rebuilding is still taking place. The Airport Authority is looking to borrow a sum of money from the City of Wayne Electric Fund for improvements as a loan, to be paid back.
“We aren’t looking for handouts,” Nancy Braden said at last night’s city council meeting. “The airport will pay it back.”
The tornado left around $2 million in damages. Insurance did not cover $185,000 of that sum, and now the airport is seeking a loan in the amount of $70,000.
Council member Nick Muir praised Braden for the hard work already being done to the airport, and the resolution was passed.