Join The Discussion

 

UPDATE: Could American Airlines move its headquarters?

A key linchpin in the Fort Worth economy, American Airlines Group Inc., is considering sites for a new headquarters, possibly outside the city, the airline’s CEO said this morning.

read more >

Crestwood area hoping to block planned office building

Residents of West Fort Worth’s Crestwood Association are trying to block the rezoning of a small apartment complex at White Settlement Road and North Bailey Avenue to make way for a planned office building, saying it would represent the start of commercial encroachment into their neighborhood.

read more >

Tiger Woods takes a swing at Fort Worth's Dan Jenkins - in print anyway

Rarely does Golf Digest make the news. Leave it to Dan Jenkins to change that.

read more >

Hilton Fort Worth named to Historic Hotels

The Hilton Fort Worth is one of 24 hotels named a member of the Historic Hotels of America, the Washington, D.C.-based group announced on Nov. 18.

read more >

Great Women of Texas honored

The Fort Worth Business Press held the Great Women of Texas event Wednesday night at the Omni Fort Worth Hotel. Stacie McDavid of McDavid Investments was honored as the

read more >

Council: Meacham may get $14.5M for makeover

By A. Lee Graham

lgraham@bizpress.net

 

Fort Worth Meacham Airport could receive a $14.5 million terminal makeover as the venerable air hub undergoes significant renovations following the addition of a new tenant.
“This is a transitional time for this airport, a truly once-in-a-lifetime occurrence,” said Bill Welstead, the city’s aviation director.
Explaining the proposed facelift at the pre-council portion of the April 16 City Council meeting, Welstead emphasized the need to continue the momentum spurred by American Aero Fort Worth after the fixed-base operator last year moved into facilities formerly occupied by Atlantic Aviation.
American Aero also plans to renovate the hangar originally occupied by American Airlines and constructed in 1933. It’s a project that Welstead says affirms American Aero’s commitment to the airport as it plans to construct a fixed-base operation set for completion later this year.
A fixed-base operator is a business operating on airport grounds and providing aircraft maintenance, flight instruction and other aeronautical services to general aviation operators.
As a general aviation airport, Meacham offers corporate jet flights and other services but not scheduled commercial flights.
Though the terminal renovation requires City Council approval — and no date for council consideration has been set — Welstead is confident that the project will move forward. Funding all but $500,000 of the $14.5 million estimated cost would be city gas well tax revenues, with the Texas Department of Transportation funding the balance.
Meanwhile, the state transportation agency is acting as Meacham’s agent in securing federal funding for taxiway and runway improvements planned to be constructed in the next three to four years.
Other planned improvements include the American hangar renovation, budgeted at $10 million and funded by American Aero; constructing a new hangar on the airport’s west side, with tenant Richardson Aviation paying the $20 million cost; relocating a communications tower as part of that hangar project, expected to cost $2.2 million; and $30 million invested by American Aero for its office space along North Main Street.
American Aero is an affiliate of Keystone Group LP, owned by Fort Worth financier and philanthropist Robert Bass.
District 2 Councilman Sal Espino lauded the plan.
“Fort Worth has a rich aviation history, and obviously Meacham is a part of that history,” Espino said.
 

< back

Email   email
hide
Midterms
What was the message of the midterm elections?