A second appraisal,

required by federal guidelines, is being conducted on the 23.93 acres

of property that Falcon Field officials plan to purchase so the airport

has room to grow in the future.

The $1 million

plus in funds will come from the Federal Aviation Administration once

the airport's offer on the property is accepted, according to Airport

Manager Jim Savage. The grant was secured partially through the efforts

of U.S. Rep. Mac Collins.

The land, which

is to the south and east of Falcon Field, is owned by Peachtree City Holdings,

a subsidiary of Pathway Communities.

The transaction

will also include a portion of Stallings Road, which is a gravel road

that traverses the southern boundary of the property and, when paved,

will connect to a new hangar area that has recently been completed. Stallings

Road also leads to one of Peachtree City's sewage treatment plants, which

is operated by the city's Water and Sewer Authority.

In addition

to the second appraisal, the FAA also requires an environmental study

of the area in addition to a regular title search of the property's ownership

history, Savage said.

"We can't

make an offer without all those things in place," Savage said, explaining

that the money from the FAA won't be released until an offer is accepted

The first appraisal

came in at $1.075 million for the property, Savage said.

Officials have

lauded Pathway Communities officials for working with the airport and

trying to reserve that land, which is seen as key to the airport's future.

Without this purchase, Falcon Field would be "landlocked" without

a place to expand.

Back

to News Home Page | Back

to the top of the page