COVID 19 Causes the Cape Girardeau Regional Airport’s cut in Promotional Funds

Due to the COVID 19 pandemic the Cape Girardeau Regional Airport will get a lower amount of money from the state of Missouri for promotional purposes. The airport has been receiving block grant money for promotional use for the majority of the past ten years, officials say. The Missouri Highways and Transportation Commission (MHTC) will be providing funding for the 2020-2021 fiscal year, as well, but the decrease in assistance from the state is significant. Officials say they have received $170,000 in air service promotional grant funding for 2019-2020, which they had to kick in a ten percent atch of $18,888. The grant to the Cape Girardeau airport will decrease by 76.5 percent for 2020-2021 to $40,000, with a mandatory ten percent match. Members of the Cape Girardeau will be asked to provide the final approval at their next meeting, next Monday, to an ordinance that accepts the grant agreement with MHTC. Officials say due to the (state’s) jet fuel sales tax being down, though, (a decrease) is to be expected. Officials say they will center the $40,000 grant on remarketing the airport via their website. A projected $17.39 million in federal Coronavirus Aid, Recovery and Economic Security (CARES) Act funding is projected to move to the Cape Girardeau Regional Airport over the next four calendar years.  This money is a representation of the biggest share of the $25.34 million that is necessary to pay for the Terminal Area Master Plan (TAMP) project an aspiring initiative to provide funding  for needs like ds such as a new or renovated passenger terminal, new hangars, a control tower, among others. Extra money that is needed to make the TAMP program possible is projected to be provided by the Capital Improvement Sales Tax as well as funding  from the airport’s own improvement fund.

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