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Leelenau County tops Michigan for COVID-19 vaccination rates
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Leelenau County tops Michigan for COVID-19 vaccination rates
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Stars and Stripes - Mystery plane returns to Michigan airspace
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9 & 10 News
2004 Bonds were due by 2025
July 28, 2021
When an airport goes debt-free, its board holds a ceremonial burning of the bonds. That’s what happened at Cherry Capital Airport in Traverse City on Tuesday night.
Cherry Capital took on almost $4 (M) million dollars as they built their brand new terminal building in the early 2000’s. Director Kevin Klein says “those bids came in on September 7, 2001. Just before 9/11. The commission made a bold move to continue forward with that project.” But Klein says federal funding came to a halt after 9/11.
Fortunately, he says, TVC was “able to build the majority of this terminal, the ramps, the taxiways, the fire station, the maintenance building, all with discretionary funds.” But by 2004, leadership decided to bond $3.9 (M) million to support cash reserves. “That was a bond that was over 20 years, due in 2025. But due to the fact that the CARES Act, the ARP (American Rescue Plan) Act all came through (this year from C
About 79,000 people flew in and out of Cherry Capital Airport in Traverse City in June. That’s a record breaking jump from June of 2019. Cherry Capital Airport Director Kevin Klein spoke with Michigan News Network this week.
“June was kind of a pendulum swing from the pandemic where we saw a lot of return travelers come back to northern Michigan, and our numbers are up 26.9% for June. So that is compared to 2019.”
Klein says the numbers look good for July so far. He says the airlines made adjustments for the pandemic, adding more seats and cleaning protocols because of the pandemic. He says we’ll see if business travel picks up in the Fall.