Business View Magazine | February 2019

93 tions.We lease it out to a local farmer who grows barley hay.He takes care of all the farming opera- tion.This gives us a little bit of revenue, but primar- ily, the benefit is appearance.He farms right up to the taxiway and safety area edges, and it makes the Airport look great.” BVM: Most airports we talkwith have waiting lists for hangar space.What’s the situation at Paso Robles? Oxborrow: “We probably have a dozen inquiries right now that would take hangars if they could get them.What you have to do, though, in today’s market, is qualify that with the price that is being expected from the renter.We have two nice cor- porate hangars that have been recently appraised at $450,000, so the owner wants to rent them out and he’s looking for corporate jets to come in at a $2,000-2,500 per month rental.They’ve been avail- able now for about three months–with no takers. And yet, 30 miles to the south, the County seat is San Luis Obispo, and I understand that there may be as many as 15 to 20 Citations that are sitting out on the ramp looking for hangar space.There’s an effort being made to attract them to come up here but it’s not happening yet. “Then, the general aviation market is looking for hangars, but they only want to pay $250-300 a month and the going rate, right now, is $350 and pushing $400. So, there are a lot of people on the waiting list, but theymay not all be realistic. It may appear we have more demand than there really is.” BVM: What’s your preferred method for building newhangars? Oxborrow: “At the present time,we have two par- cels with infrastructure installed.The airport would prepare the site and the tenant would build the hangar after that.This project is still in the plan-