DENISON, Tex. (KXII) - Rise Aviation General Manager Mike Livezy says the airport plans to sign with the county for a 40 year lease for $2.5 million to build a new 11,000 square foot facility.
Instead of remodeling a current facility, Livezey said the county asked them to start a new building from the ground, up.
"It's '50's-era Air Force facilities. Even though its been updated, we want to have a very modern, nice building everybody can be proud of," said Livezey.
Rise Aviation will plan on borrowing the money from the bank, and they will await on approval from the county and the bank before the project can officially start.
Livezey says the building will house administration offices, and says the airport has been working to get this project off the ground for over a year.
Livezey says the new facility will give the airport itself five new jobs, but believes the ripple effect of improving the airport will be felt throughout the area.
"Car rental companies will have more business, the restaurants, the hotels. In general, the whole economic impact is greater than just what happens here. All the other merchants in town also see it," said Livezey.
If the county approves, Livezey hopes construction on the new building will start in January.