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Category Archives: Finance

AFCO Selected Finance Design Build Vertiport/Heliport In Downtown Chicago

AFCO Selected Finance Design Build Vertiport/Heliport

January 2011Aviation Facilities Company, Inc. (AFCO) is pleased to announce that AFCO Nighthawk Vertiport LLC, a joint venture between AFCO and Nighthawk Services LLC, has been selected by the Illinois Medical District Commission (IMD) to develop a vertiport/heliport, on a 10-acre site in the Illinois Medical District, located on the West Side of the City of Chicago.

About the Project

The project will consist of touchdown, liftoff and aircraft parking areas as well as a fixed-base operation that will include a terminal, hangars, fuel, maintenance and other storage facilities, vehicle parking and an access control system.  The project will serve the needs of emergency medical helicopter operations along with corporate and charter activity.  The project is also being designed to accommodate a new generation of tiltrotor helicopters.The Illinois Medical District is the nation’s largest urban medical district and includes 560 acres of medical research facilities, labs, a biotech business incubator, raw development area, universities and over 40...

Construction Begins on New Commercial Airport in Branson, Missouri

AFCO - Construction Begins Branson Airport

AFCO was the developer for the first privately funded and operated for-profit commercial airport in the United States in Branson, Missouri.  Branson Airport LLC, in which AFCO has a minority ownership and sits on the board of Branson Airport LLC, closed on the financing for the new airport on June 28, 2007.The project was funded with private equity and $114 million in 30-year tax-exempt revenue bonds underwritten by Citigroup.  In its role as developer, AFCO was responsible for overseeing the design and construction of the project.  The new airport initially includes a 45,000 square-foot terminal facility geared towards low-cost airlines, a 7,140 foot runway that can ultimately be extended to 9,000 feet, an airport access road, fuel storage facilities and rental car and passenger parking facilities.Construction of the airport began in July 2007 and was completed in May 2009.  Burns & McDonnell designed the airport and McAninch Corporation of Des Moines, Iowa was the contractor...