S P E C I A L REPORT
By John F. Infanger, Editorial Director program.” He puts the price tag on the
initial largest hangars at $2.3 million.
AUSTIN’S NEW While Ascend will not have rights
to be a fixed base operator for tran-
sients at Austin, the company will have
HANGAR COMPLEX its own fuel farm — a key selling point
to prospective tenants, along with the
need for more corporate hangar stor-
age in the Austin region.
Despite economic downturn, Ascend Comments Briggs, “It’s an oppor-
tunity to reduce costs. If you’ve got cus-
Development moving forward on 21 acres tomers who are used to paying $4-5 a
gallon right now and they can cut their
restriction on transient traffic, which
are served by current FBOs Signature
AUSTIN, TX — Last September, Ascend Development of Hayward, CA fuel price down by $1.50 a gallon … Flight Support and Atlantic Aviation.
that’s a savings that offsets your operat- Under the agreement at AUS,
signed a 30-year lease with Austin-Bergstrom International Airport to ing costs.” Ascend development will pay a ground
construct a private development that when built out will encompass some Ascend Development doesn’t retain lease of 23 cents per square foot, along
230,000-square feet of prime hangar and office space. Ascend is operated ownership in any of the hangars, accord- with a fuel flowage fee of ten cents.
by father/son partners Gary W. and Scott S. Briggs, who are taking their ing to Griggs. He says that customers typ- “The airport has been very open and
ically fall into one of three categories: understands what we’re trying to do,
lessons learned from a similar development at the Hayward Executive