From: <Saved by Windows Internet Explorer 7>
Subject: Panama City/Bay County Airport Relocation
Date: Tue, 9 Jan 2007 11:29:33 -0600
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<P><FONT face=3DArial size=3D4><B>Welcome</B></FONT> </P>
<P><FONT face=3DArial size=3D2>This site is dedicated to communicating =
the plans and=20
progress of the Panama City - Bay County Airport Relocation Project. We =
hope you=20
find the site informative, and we welcome your input.</FONT> </P>
<P><FONT face=3DArial size=3D2>Public involvement is an important aspect =
of any=20
project of this stature.&nbsp; On this site, you will find project =
background=20
information, details of current activities, an updated meetings =
calendar, and a=20
gallery of documents pertaining to the project.&nbsp; In addition, take =
a moment=20
to subscribe to be notified of the news and events that are important to =

you.&nbsp; And as always, you are welcome to send us e-mail to ask a =
question or=20
send a comment.</FONT> </P>
<P><FONT face=3DArial size=3D2>Click <A=20
href=3D"http://pcairport.bechtel.com/BayCountyMap.htm">here</A> to view =
a map of=20
Bay County showing the proposed site for relocation.&nbsp; </FONT></P>
<P><FONT face=3DArial size=3D3><B><BR>Panama City Airport Relocation=20
News</B></FONT><B><FONT face=3DArial> Updates</FONT></B></P>
<P>&nbsp;</P>
<P><FONT face=3DArial size=3D2>Relocation News Updates</FONT></P>
<P>&nbsp;</P>
<P align=3Dleft><FONT face=3DArial size=3D2><B>PRESS =
RELEASE</B></FONT></P>
<P align=3Dleft>&nbsp;</P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: left" align=3Dcenter><B>FOR =
IMMEDIATE=20
RELEASE&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&=
nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&n=
bsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb=
sp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=20
DECEMBER 4, 2006</B></P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: left"=20
align=3Dcenter><B>_______________________________________________________=
_________________</B></P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: center" =
align=3Dcenter><B>AIRPORT AUTHORITY=20
RECEIVES FINAL STATE PERMITS FOR<BR>RELOCATION RELOCATION OF THE PANAMA =
CITY -=20
BAY COUNTY INTERNATIONAL AIRPORT</B></P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: center" =
align=3Dcenter><B>CURRENT AIRPORT=20
SITE</B></P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: left" align=3Dcenter><B>Panama =
City, FL=20
(Dec. 4, 2006) =96 </B>The Panama City - Bay County Airport and =
Industrial=20
District (Airport Authority) announced today that it had received the =
final=20
State of Florida permits necessary to move forward with the relocation =
of the=20
Panama City - Bay County International Airport.&nbsp; Issuance of the =
state=20
permit clears the way for the U.S. Army&nbsp; Corps of Engineers to =
issue a=20
Section 404 permit, the final permit necessary before construction of =
the new=20
airport can begin.</P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: left" align=3Dcenter>All =
challenge periods=20
for the State of Florida permits have expired, and the issuance of these =
permits=20
concludes the state permitting process.</P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: left" align=3Dcenter>The state =
permits were=20
issued as part of an Ecosystem Management Agreement (EMA) between the =
Airport=20
Authority and the Florida Department of Environmental Protection.&nbsp; =
The EMA=20
includes a comprehensive mitigation plan for environmental impacts of =
the=20
relocation and construction of the Panama City - Bay County =
International=20
Airport.</P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: left" align=3Dcenter>The EMA =
was reached=20
using Florida's innovative Ecosystem Team Permitting (ETP) approach, a =
process=20
whereby environmental impacts associated with the airport relocation =
were=20
avoided or minimized, and a comprehensive mitigation plan was developed =
through=20
consensus building between the Airport Authority, regulators, and other=20
stakeholders, including local environmental organizations.</P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: left" align=3Dcenter>According =
to the=20
Florida Department of Environmental Protection, the ETP process resulted =
in a=20
number of net ecosystem benefits as a result of the airport relocation,=20
including:</P>
<UL>
  <LI>
  <P class=3DMsoNormal style=3D"TEXT-ALIGN: left" align=3Dcenter>The =
conservation and=20
  permanent protection of significant contiguous portions of the West =
Bay=20
  region, including bay shorelines, wetlands, streams, uplands and the =
overall=20
  watershed;</P>
  <LI>
  <P class=3DMsoNormal style=3D"TEXT-ALIGN: left" align=3Dcenter>A =
wetlands function=20
  lift significantly in excess of that needed to compensate for =
functional=20
  losses (impacts);</P>
  <LI>
  <P class=3DMsoNormal style=3D"TEXT-ALIGN: left" align=3Dcenter>A =
mitigation plan=20
  that significantly exceeds both state and federal requirements for all =

  possible current and future impacts, and</P>
  <LI>
  <P class=3DMsoNormal style=3D"TEXT-ALIGN: left" align=3Dcenter>An =
effort to restore=20
  a large contiguous tract of uplands and wetlands to approximate =
historical=20
  conditions more suitable for dependent species native to the =
area.</P></LI></UL>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: left" align=3Dcenter>Last week =
the St. Joe=20
Company (NYSE: JOE) recorded a conservation easement for 9,609 acres in =
the West=20
Bay Sector, providing the mitigation land agreed to in the EMA.&nbsp; =
The=20
easement becomes permanent upon commencement of construction of the new=20
airport.&nbsp; It fulfills a major commitment JOE made in a land =
donation=20
agreement with Airport Authority.</P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: left" =
align=3Dcenter>"Receiving the state=20
permits represents another major milestone in the effort to relocate our =

airport," said Airport Authority chairman Joseph Tannehill.&nbsp; "We =
are one=20
step closer to making our new airport a reality and one step closer to =
realizing=20
this community's vision for an airport that meets all federal safety and =
design=20
standards while providing us a platform to compete for better, more =
competitive=20
air service." </P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: left" align=3Dcenter>The =
Airport Authority=20
has been working for more than ten years to address deficiencies at the =
current=20
airport site.&nbsp; In 1998 the Airport Authority abandoned an effort to =
extend=20
the existing runway system into Goose Bayou because of strong local=20
environmental opposition.&nbsp; In 1999 the Airport Authority began =
focusing on=20
relocation as an option after the St. Joe Company, the county's largest =
private=20
landowner, agreed to work with the Airport Authority to identify a =
suitable site=20
for relocation.</P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: left" align=3Dcenter>In May =
2006, after more=20
than five years of study, the Federal Aviation Administration (FAA) =
issued its=20
Final Environmental Impact Statement selecting relocation to the West =
Bay site=20
as its Preferred Alternative for addressing the deficiencies at the =
current=20
airport site. In September 2006, the FAA issued its Record of Decision =
approving=20
relocation to West Bay.</P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: left" align=3Dcenter>"There =
are obvious=20
aviation-related benefits in relocating the airport to West Bay," said=20
Tannehill.&nbsp; "But there are environmental and economic development =
benefits=20
too.&nbsp; Relocation of the airport is the catalyst for the creation of =
the=20
West Bay Preservation Area.&nbsp; Ultimately, tens of thousands of acres =
that=20
will be permanently protected, including miles of West Bay shoreline." =
</P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: left" align=3Dcenter>"We are =
very proud that=20
the mitigation plan for the airport goes above and beyond what is =
required by=20
law," said Tannehill.&nbsp; "We have worked closely with dozens of local =

environmentalists to ensure that significant long-term environmental =
benefits=20
will result from this relocation."</P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: left" align=3Dcenter>"If we =
continue to work=20
together as a community and a region, I am confident that we can use =
this new=20
airport as a tremendous economic development platform to attract =
high-quality,=20
high wage jobs to Bay County," said Tannehill.</P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: left" align=3Dcenter>"We =
continue to make=20
tremendous progress.&nbsp; If all goes according to plan, we should be =
in a=20
position to break ground on the airport next year," said Tannehill.</P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: left" =
align=3Dcenter>&nbsp;</P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: left" =
align=3Dcenter>&nbsp;</P>
<P class=3DMsoNormal align=3Dcenter>For further =
information/questions<BR>Contact=20
Randy Curtis, Executive Director (850)763-6751, ext 203</P>
<P align=3Dleft><FONT face=3DArial size=3D2><BR>&nbsp;</FONT></P>
<P><FONT face=3DArial size=3D2>10/05/06</FONT><B>&nbsp;</B></P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: left" align=3Dcenter><B>PRESS=20
RELEASE</B></P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: left" =
align=3Dcenter><B></B>&nbsp;</P>
<P class=3DMsoNormal align=3Dleft><B>FOR IMMEDIATE=20
RELEASE&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&=
nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&n=
bsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;=20
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OCTOBER 5,=20
2006</B></P>
<P=20
class=3DMsoNormal><B>____________________________________________________=
____________________</B></P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: center" =
align=3Dcenter><B></B>&nbsp;</P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: center" =
align=3Dcenter><B>AIRPORT AUTHORITY=20
RECEIVES BIDS TO PURCHASE</B></P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: center" =
align=3Dcenter><B>CURRENT AIRPORT=20
SITE</B></P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: center" =
align=3Dcenter><B></B>&nbsp;</P>
<P class=3DMsoNormal><B>&nbsp;Panama City, FL (Oct. 5, 2006) =96 </B>On =
September=20
25, 2006, the Airport Authority received four (4) proposals for purchase =
of the=20
existing airport site.&nbsp; The proposals are being reviewed by the =
Airport=20
staff and consultant personnel.&nbsp; An evaluation of each proposal =
will=20
consider the following criteria:&nbsp; financial capacity of the buyer, =
purchase=20
price; timing and amount of payments; terms and conditions (if any); =
proposed=20
contributions to the community and previous Florida mixed-use =
experience. It is=20
important to note that the buyer must secure all required local, state =
and=20
federal permits prior to redevelopment of the property.</P>
<P class=3DMsoNormal>&nbsp;The current financial plan for the relocation =
project,=20
which was established prior to the receipt of bids, includes an amount =
of $54.5=20
million as the estimated fair market value of the property. The =
evaluation team=20
will prepare a summary report of the proposals and their findings to be=20
presented to the Airport Board of Directors at the October =
16<SUP>th</SUP> Board=20
Meeting. </P>
<P class=3DMsoNormal>&nbsp;=93I am pleased with the financial =
qualifications of the=20
bidders and the quality of their responses,=94 said Airport Board =
Chairman Joe=20
Tannehill. =93We are making excellent progress towards the successful =
resolution=20
of the local component of our financial plans. These bids provide the =
Board with=20
a number of options that we will carefully review in order that we reach =
the=20
best outcome for the relocation project and more importantly our =
community.=94</P>
<P class=3DMsoNormal>&nbsp;The following is a list of the proposing =
parties and=20
proposal highlights:</P>
<P class=3DMsoNormal>&nbsp;</P>
<P class=3DMsoNormal>&nbsp;<B>Ashwood Development Company</B></P>
<P class=3DMsoNormal>Atlanta, Georgia</P>
<P class=3DMsoNormal>&nbsp;Bid Proposal Amount:&nbsp;&nbsp; =
$30,000,000.00</P>
<P class=3DMsoNormal>&nbsp;Proposal Highlights:</P>
<P class=3DMsoNormal>Ashwood Development outlined the following as =
community=20
contributions, use of local professional and trade labor, stimulation of =
local=20
economy, local hotel and retail office space. More specific details =
include,=20
1,782 single family lots, (1,181 waterfront and 601 water =
view/interior), 920=20
condominiums, 250,000 square feet of retail space, 330,000 square feet =
of office=20
space, 140,000 square feet of out parcel retail, a 500 room hotel, a 480 =
slip=20
marina, and 25 acres reserved for future school space.&nbsp; The =
proposal=20
includes the dredging of an extensive canal system throughout the =
property.</P>
<P class=3DMsoNormal>&nbsp;</P>
<P class=3DMsoNormal><B>Community Airport Redevelopment, LLC.</B></P>
<P class=3DMsoNormal>Salt Lake City, Utah</P>
<P class=3DMsoNormal>&nbsp;Bid Proposal Amount:&nbsp;&nbsp; &nbsp;=20
$50,000,000.00</P>
<P class=3DMsoNormal>&nbsp;Proposal Highlights:</P>
<P class=3DMsoNormal>CAR plans to provide for higher learning, economic=20
development and public safety amenities. In doing this they have =
proposed two=20
Conceptual Plan variations. The first includes a public marina, town =
center,=20
educational campus, sports complex and light retail and office =
space.&nbsp; The=20
second includes similar amenities with the exception of the sports =
complex,=20
being replaced by a golf course component.&nbsp; </P>
<P class=3DMsoNormal>&nbsp;</P>
<P class=3DMsoNormal><B>PCA Development, LLC. </B></P>
<P class=3DMsoNormal>Pittsburgh, Pennsylvania</P>
<P class=3DMsoNormal>&nbsp;Bid Proposal Amount:&nbsp;&nbsp; =
$61,000,000.00</P>
<P class=3DMsoNormal>&nbsp;Proposal Highlights:</P>
<P class=3DMsoNormal>PCA Development, LLC has outlined the following as =
community=20
contributions, rise in employment though use of local professional and =
trade=20
labor, stimulation of the local economy through sales revenue and =
increased tax=20
base, local hotel and retail office space. More specific details =
include: a town=20
center and entertainment district, 1,245 single family lots, (1,050 =
Traditional=20
Neighborhood Design development lots, 75 estate lots, &nbsp;and 120 high =
end=20
lots), 1,200 multi-family units (330 affordable and 870 market rate) =
1,800=20
condominiums, 250 resort/condo/hotel rooms, 120 residential lofts, =
515,000=20
square feet of commercial area/space, 195,000 square feet of office =
space, 425=20
assisted living units and a 200 dry slip marina with 6,000 square feet =
of ship=20
store/restaurant.</P>
<P class=3DMsoNormal>&nbsp;</P>
<P class=3DMsoNormal><B>&nbsp;RMC&nbsp; Investors, LLC.</B></P>
<P class=3DMsoNormal>Panama City, Florida</P>
<P class=3DMsoNormal>&nbsp;Bid Proposal Amount:&nbsp;&nbsp; =
$56,500,000.00</P>
<P class=3DMsoNormal>&nbsp;Proposal Highlights:</P>
<P class=3DMsoNormal>RMC has not offered any proposed use for the =
property.&nbsp;=20
They will consider the Master Plan concepts that were outlined in the =
RFP=20
information.&nbsp; The firm has suggested they would provide adequate =
parks and=20
recreational areas as determined by their experienced and knowledgeable =
land=20
planner.</P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: center" align=3Dcenter>For =
further=20
information/questions</P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: center" align=3Dcenter>Contact =
Randy Curtis,=20
Executive Director (850) 763-6751</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P><FONT face=3DArial size=3D2>09/15/06</FONT></P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: center" align=3Dcenter><B>FAA =
ISSUES A=20
RECORD OF DECISION APPROVING RELOCATION OF</B></P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: center" =
align=3Dcenter><B>PANAMA CITY =96 BAY=20
COUNTY INTERNATIONAL AIRPORT</B></P>
<P class=3DMsoNormal style=3D"TEXT-ALIGN: center" =
align=3Dcenter><B>Panama City, FL=20
(September 15, 2006)</B> =96 The Panama City =96 Bay County Airport =
and</P>
<UL>
  <LI>
  <P class=3DMsoNormal style=3D"TEXT-ALIGN: center" =
align=3Dcenter>Industrial District=20
  (Airport Authority) announced today that the Federal Aviation =
Administration=20
  (FAA) had issued its Record of Decision (ROD) approving the relocation =
of the=20
  Panama City =96 Bay County International Airport (PFN) to the proposed =
site in=20
  West Bay on land donated by The St. Joe Company (NYSE: JOE).&nbsp; =
</P>
  <LI>
  <P class=3DMsoNormal>&nbsp;The ROD is the most significant milestone =
to date in=20
  the effort to relocate PFN.&nbsp; The Airport Authority has sought to =
relocate=20
  the airport to address deficiencies at the current site and to meet =
future=20
  projected aviation demand.&nbsp; Now with the FAA=92s official =
approval, the=20
  Airport Authority is eligible for federal Airport Improvement Program =
funds to=20
  assist with the relocation project." On behalf of Bay County and =
Northwest=20
  Florida, I=92d like to thank the FAA for their extraordinarily =
thorough=20
  analysis,=94 said Joseph Tannehill, chairman of the Panama City =96 =
Bay County=20
  International Airport Authority and Industrial District.&nbsp; =93The =
FAA has=20
  extensively researched and evaluated this project to reach this=20
  determination.=94&nbsp; =93The FAA, through its in-depth analysis has =
provided an=20
  independent, objective validation of the need for this airport,=94 =
said=20
  Tannehill.&nbsp; =93Because of the FAA=92s efforts, the people of =
Northwest=20
  Florida will have an airport that meets all federal safety and design=20
  standards.&nbsp; Furthermore, it will provide an economic development=20
  platform, which will be capable of attracting quality jobs and =
competitive=20
  airfares to Northwest Florida.=94 =93We are very pleased with the =
FAA=92s decision,=94=20
  said Airport Executive Director Randy Curtis.&nbsp; =93We believe it =
is the best=20
  decision for our community and the surrounding region.&nbsp; We still =
have=20
  work to do, but this is an extremely important step.&nbsp; We very =
much=20
  appreciate the time, attention to detail and the efforts the FAA has =
devoted=20
  to the Panama City-Bay County International Airport on this =
project.=94 The=20
  proposed airport relocation site is in northwestern Bay County on land =

  currently owned by The St. Joe Company.&nbsp; The St. Joe Company has=20
  graciously donated the 4,000 acres which is to be used for the new=20
  airport.&nbsp; Ownership of that land is to be conveyed to the Airport =

  Authority in accordance with an agreement between the St. Joe Company =
and the=20
  Authority.&nbsp; </P></LI></UL>
<P class=3DMsoNormal><B>How to Get A Copy of the ROD</B></P>
<UL>
  <LI>
  <P class=3DMsoNormal>Copies of the Record of Decision will be =
available at the=20
  Airport administrative offices upon request or by visiting the =
Airport=92s=20
  website at <A=20
  style=3D"COLOR: blue; TEXT-DECORATION: underline; text-underline: =
single"=20
  href=3D"http://www.pcairport.com/">http://www.pcairport.com/</A>&nbsp; =
To=20
  request a copy of the ROD&nbsp; please submit a written request to the =

  Executive Director of the Panama City=96Bay County International =
Airport at 3173=20
  Airport Road, Box A, Panama City, Florida 32405.&nbsp; </P></LI></UL>
<P class=3DMsoNormal><FONT face=3DArial size=3D2>08/30/06</FONT></P>
<UL>
  <LI>The Panama City-Bay County Airport and Industrial District =
workshop=20
  previously scheduled for August 31, 2006 has been rescheduled to =
September 21,=20
  2006.&nbsp; The District is seeking industry input regarding =
construction=20
  management options pertaining to the relocation of the Panama City-Bay =
County=20
  International Airport.&nbsp; This project has an estimated =
construction cost=20
  of $278 million.&nbsp; The project is expected to begin construction =
in early=20
  to mid 2007.&nbsp; The Airport Board will be conducting this special =
workshop=20
  to allow interested firms the opportunity to share their experiences=20
  concerning construction management of airports and to recommend =
specific=20
  construction management approaches and construction delivery methods =
for the=20
  implementation of the relocation of the airport.&nbsp; This workshop =
will be=20
  held at 9 a.m. (CST) on September 21, 2006, in the Board Room on the =
second=20
  floor of the Panama City-Bay County International Airport terminal =
building,=20
  Panama City, Florida.&nbsp; For further information please contact =
Randy=20
  Curtis, Executive Director, (850)763-6751.&nbsp; Please notify the =
airport if=20
  you wish to attend and speak by e-mailing <A=20
  style=3D"COLOR: blue; TEXT-DECORATION: underline; text-underline: =
single"=20
  href=3D"mailto:phenderson@pcairport.com">phenderson@pcairport.com</A>. =
</LI></UL>
<P><FONT face=3DArial size=3D2>08/07/06</FONT></P>
<UL>
  <LI>
  <P class=3DMsoNormal>The Panama City-Bay County Airport and Industrial =
District=20
  is seeking industry input regarding construction management options =
pertaining=20
  to the relocation of the Panama <BR>City-Bay County International=20
  Airport.&nbsp; This project has an estimated construction cost of $278 =

  million.&nbsp; The project is expected to begin construction in early =
to mid=20
  2007.&nbsp; The Airport Board will be conducting a special workshop to =
allow=20
  interested firms the opportunity to share their experiences concerning =

  construction management of airports and to recommend specific =
construction=20
  management approaches and construction delivery methods for the =
implementation=20
  of the relocation of the airport.&nbsp; This workshop will be held at =
9 a.m.=20
  (CST) on August 31, 2006, in the Board Room on the second floor of the =
Panama=20
  City-Bay County International Airport terminal building, Panama City,=20
  Florida.&nbsp; For further information please contact Randy Curtis, =
Executive=20
  Director, (850)763-6751.&nbsp; Please notify the airport if you wish =
to attend=20
  and speak by e-mailing <A=20
  style=3D"COLOR: blue; TEXT-DECORATION: underline; text-underline: =
single"=20
  href=3D"mailto:phenderson@pcairport.com">phenderson@pcairport.com</A>. =

</P></LI></UL>
<P class=3DMsoNormal>6/27/06</P>
<UL>
  <LI>
  <P class=3DMsoNormal>&nbsp;In the June Meeting the Airport Board =
authorized the=20
  work to revise the Benefit Cost Analysis to comply with the FAA =
comments to=20
  the previously submitted version.&nbsp; This work has begun and is =
scheduled=20
  to complete in September 2006. </P></LI></UL>
<P class=3DMsoNormal><SPAN style=3D"FONT-FAMILY: Arial"><FONT=20
size=3D2>5/16/2006</FONT></SPAN></P>
<UL>
  <LI>
  <P class=3DMsoNormal><SPAN style=3D"FONT-FAMILY: Arial"><FONT =
size=3D2>On May 12,=20
  2006, the FAA issued the Final Environmental Impact Statement.&nbsp; =
The FAA=20
  studied various alternative sites and selected the West Bay Site 8,400 =
foot=20
  runway alternative as its preferred alternative.&nbsp; This site has =
been=20
  deemed the operationally preferred location as compared to the =
Existing=20
  Airport Site.&nbsp; The FAA will subsequently issue a Record of =
Decision=20
  regarding the project.&nbsp; This is expected in September =
2006.</FONT></SPAN>=20
  </P></LI></UL>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P><FONT face=3DArial size=3D2>For previous news items, click <A=20
href=3D"http://pcairport.bechtel.com/News/Archive/NewsArchive.htm">here</=
A>.&nbsp;=20
For additional information, click <A=20
href=3D"http://pcairport.bechtel.com/docspage.htm">here</A>.</FONT></P>
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