Commissioners from Grand Traverse and Leelanau counties approved the initial step for a nearly $60 million bond sale to help fund a major terminal expansion at Cherry Capital Airport.
The Northwest Regional Airport Authority board hosted a joint meeting Monday afternoon with Grand Traverse and Leelanau county commissioners to outline the estimated $112.8 million expansion project, which is scheduled to begin in 2026 and be completed by 2028.
The meeting included a tour of the development site for the new project, and a financial overview of the proposed financing from Sean Wahl of PFM Financial Advisors which is assisting the airport with the project, along with bond counsel Patrick McGaw of the Michiganbased Miller Canfield law firm. All three boards voted in favor of proceeding with financing for the project.
