also updated its pavement management plan. The plan is updated periodically and consists of an in-depth evaluation of all paved surfaces. This evaluation allows the airport to plan, design, and fund projects in collaboration with the FAA. Meanwhile, the first phase of an airfield drainage project is nearly complete, with full completion expected by October 2024, despite weather-related delays. Energy efficiency has also been a focus, with the airport upgrading its terminal lighting to LED and installing modern HVAC systems, reducing energy consumption and operational costs. COLLABORATIONS FOR GROWTH Waco Regional Airport continues to expand its reach through strategic collaborations with various organizations. A key focus has been working closely with the airport’s tourism team to sustain and enhance air service. This has led to the formation of an ad hoc air service development committee, which brings together stakeholders from chambers of commerce and higher education institutions. With Baylor University and one of Texas’ largest community colleges located in the region, the airport benefits from these academic resources by collecting and presenting data that supports its plans for future growth. Beyond its relationships with on-field commercial businesses, the airport takes a proactive role in fostering business retention and expansion (BRE). Waco Regional goes beyond a typical landlord-tenant arrangement by conducting annual visits with these businesses.These sessions, organized in cooperation with the Chamber of Commerce, the city’s economic development team, and local officials, are designed to assess the growth, stability, and future needs of each business. STRATEGIC PRIORITIES FOR THE FUTURE Waco Regional Airport’s future is bright, with several projects on the horizon. City management is collaborating with the Federal Aviation Administration and local legislative partners to assess the feasibility of each initiative, recognizing that these projects are complex and may take five to ten years from conception to completion. 351 BUSINESS VIEW MAGAZINE VOLUME 11, ISSUE 09 WACO REGIONAL AIRPORT
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