At its meeting

Wednesday night, the Peachtree City Airport Authority is scheduled to

again discuss the lease rates it wants to set for its new Hangar Area

B.

The rates were

discussed by the authority at its past two meetings but no official action

has been taken. At the December meeting, a motion was brought to set the

price at 45 cents per square foot with extra costs charged to commercial

entities.

The commercial

charges would have worked out to a minimum additional 10 cents per square

foot. The motion capped the maximum total at 95 cents per square foot.

After the motion

failed, the authority moved on to its next item on the agenda without

considering another motion on the lease rates.

There was some

talk about setting the base rate at 55 cents per square foot. But some

members of the audience indicated they couldn't make money at that price

unless the length of the lease was extended.

A total of

120,750 square feet of space will be available for lease at Hangar Area

B, said Airport Manager Jim Savage.

The cost of

infrastructure for Hangar Area B, which the authority will have to provide,

is estimated at $165,000. The authority also anticipates receiving state

and federal funds of approximately $600,000 for the project.