Business View Magazine Dec-2022

130 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 12 Soaring above and beyond expectations! Our knowledgeable team of industry professionals can handle all your aviation insurance needs, including Aircraft insurance (Private & Corporate), Aerial Applicators, Airport Property & Liability, Renters Insurance, Unmanned Aircraft Systems, Repair & Avionics Facilities, Fixed Base Operators and more. Our aviation insurance specialists will provide you with superior customer service and the best available insurance quotes. FOR ALL YOUR AVIATION INSURANCE NEEDS, CONTACT US TODAY! Local: (701) 235-2041 | Toll Free: (877) 301-2041 agency@northstaraviationins.com www.northstaraviationins.com As with all airports, funding is always an issue. All the non-terminal type projects, runways, aprons, and the like qualify for 90% federal funding from the FAA Funds are also available from the North Dakota Aeronautics Commission. We also have access to occasional special funding such as the bipartisan infrastructure legislation. There will also be some smaller projects that are ongoing – the airport will be replacing aging concrete, and adding new concrete for our FBO, Fargo Jet Center who is expanding both corporate and general aviation hangar space. Terminals however are a different story. “We are looking at about a $123 million project right now,” Explains Dobberstein, “on the terminal side of it roughly 70 or 75% of that might be eligible for federal funds – but I don’t believe the federal government will have all of the funds available to meet their eligible share so we’ll be going out and borrowing funds, we will be tapping the state of North Dakota not only for the usual