Bryan County can expect $35 million in projected tax revenues over a 20-year period for a new airport that needs at least $66 million in federal and state funds to build, according to an economic study paid for by airport supporters.
An airport housing 180 planes could result in annual taxes of approximately $1.2 million to Bryan County schools, $490,000 to the county and $340,000 to Richmond Hill, if the airport is built completely to its current plan, according to the study conducted by the Economic Impact Group, a Hall County-based consulting firm.
The five-page report does not describe the financing or costs of construction which an earlier consulting report said would total $183 million. The Richmond Hill-Bryan County Airport Authority, created this year by the state legislature, is expected to issue bonds to finance some of the remaining cost. Those bonds would also pay back the county’s development authority for the $11,000 study…