Airport Plazas, LLC, a specialized developer of retail gas plazas inside airport grounds is pleased to announce that on December 30th it closed on tax free bond financing for its next plaza at Cincinnati/Northern Kentucky International Airport (CVG). The deal provides Airport Plazas with a $7,000,000 loan facility through Aviation Capital Partners (AvCap). Airport Plazas will fund $1.5 million from their own funds for a total investment of $8.5 million for the construction of the plaza. The plaza will offer fuel, car wash, light auto repair, a restaurant and a c-store.
Compressed Natural Gas (CNG) is also slated to be installed at the retail site; the airport has released an RFP for CNG-fueled taxi cabs.
The project is expected to break ground in March and open in October.
Read more - http://www.businesswire.com/news/home/20110105005501/en/Airport-Plazas-Closes-7.0-Million-Funding-Build
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