Chattanooga’s new general aviation terminal, WIlson Air, is the first national airport to receive a LEED Platinum certification.AIRPORT AVIATION CENTER$650,000 – First-year loss$450,000 – Projected current-year loss$214,000 – Forecast loss for upcoming budget year$1.31 million – Three-year totalSource: Chattanooga Airport
Terry Hart, president and CEO of Chattanooga AirportChattanooga Airport and TAC Air officials skirmished Monday after airport officials said their general aviation center will lose about $450,000 in the budget year that ends June 30.
The airport-owned center, which is operated by Wilson Air, is forecast to cut its losses next year to $214,000, said Terry Hart, the airport’s chief executive. In its first three years, the center is projected to lose more than $1.3 million, but Hart said such losses are typical for new businesses.
“We’ve said many times … that it would take multiple years to make this work,” Hart said. “It’s going in the right direction.”
Airport officials have said the center should see a profit within five years.