GRAYSON COUNTY, TX -- A company that modifies aircraft engines has announced, as of now, it will no longer buy a new hangar out at the North Texas Regional Airport, but as Kristen Shanahan explains that is not keeping it from being built.
Last July, Texas Turbine Conversions announced a "lease to purchase" plan to expand their operations to a new hangar out at NTRA. Grayson County Commissioners approved spending up to $1.8 million dollars to build the hangar for the company.
"February 14th we signed our final version of going forward with Texas Turbine Conversions. They were going to finish out the inside of the hangar that the county was going to build," Judge Bynum said.
A couple weeks ago the company told Grayson County Judge Drue Bynum they wanted to hold off on the purchase.
"He came to me at that time and voiced some concerns in his business going forward," Judge Bynum said.
Monday Texas Turbine released this statement to News 12.
"The purchase of the new hangar was put on hold, by our company, because of timeline restrictions placed in regards to build schedules that were impossible for us to meet with other pressing business requirements".
However, the company says upon the hangar's completion they will possibly re-negotiate the purchase.
"They're still very interested in the building on the west side of the airport; however, due to some constraints of our own in the county -- mainly some insurance money that needs to be spent on a hangar -- the county has decided to go ahead and go forward with the project," Judge Bynum said.
Judge Bynum says the hangar is expected to be completed this summer and says several other tenants are looking at buying it.
In the interim, Texas Turbine will continue operating from their current location at NTRA.