Washington, D.C. – U.S. Senators Charles E. Schumer and Kirsten Gillibrand today announced the Ticonderoga Municipal Airport will receive a federal grant of $130,500 from the U.S. Department of Transportation’s (DOT) Federal Aviation Administration (FAA). The federal funding will be used to construct a fuel facility, which will help the airport become self-sustaining by generating revenue.
“With this funding, the Ticonderoga Municipal Airport will be able to build a new fuel facility, which will help the airport generate revenue to help pay for its own operation,” said Senator Schumer. “This fuel facility will help further solidify the Ticonderoga Airport as an important driver of commerce, tourism and jobs throughout the region. This project is an investment in area residents, the airport, and the local economy as a whole.”
“Investing in local infrastructure is one of the best ways to stimulate growth in our local economy,” said Senator Gillibrand. “This investment in the Ticonderoga Municipal Airport will allow it to become more self-sufficient.”
The Ticonderoga Municipal Airport is a general aviation airport for public use with one runway. The airport averages around 31 takeoffs and landings per day and more than 11,000 take offs and landings per year.
This funding is awarded through the Airport Improvement Program and is administered by DOT’s Federal Aviation Administration (FAA). The Airport Improvement Program provides grants to public agencies for the planning and development of public-use airports that are included in the National Plan of Integrated Airport Systems (NPIAS). Funds obligated for the AIP are drawn from the Airport and Airway Trust fund, which is supported by user fees, fuel taxes, and other similar revenue sources.