Lincoln Airport

Built on a richMidwest history that dates back to the 1930s, INSPRO is a leading national independent risk-management and benefits agency. We provide sound advice, earn your trust and give you peace of mind to proceed with confidence. www.insproins.com Commercial Insurance Personal Insurance Employee Benefits L INCOLN A I RPORT recently is P-3 (Public/Private/Partnership) type arrangements where we’re able to leverage the strength and assets the Authority has, against the knowledge, and in some cases the financial resources, of the private community. The arrangement would likely include some form of exclusive development agreement that would be publicly solicited and collaboratively selected, and would allow the Airport to revert to more of a traditional landlord role.” Should the Airport want to raise money on its own, the Lincoln Airport Authority, which is a special subdivision of the state, has the ability to impose a general property tax, should it need to do so. But Haring says that has not occurred since 1985. “If we were to levy the full value of it, today, it would be somewhere in the vicinity of $7-8 million, annually,” he states. “While that dollar value is certainly not inconsequential, both the Authority and the administration have always worked very hard to try to do as much as possible with the resources that we have, while not having to tax the citizens. It’s something that we can’t