Hangar Loan Program Provides Aircraft Storage Funding
Over 1,000 Hangars Built At Publicly Owned Airports In State
September 1, 2021
Funding for airport projects in Minnesota comes from a variety of different sources. One of the more unique programs is Minnesota's Hangar Loan Program.
Rather than force hangar projects to compete for grant dollars with other infrastructure needs, this program provides loans to publicly owned airports to construct revenue-generating hangar facilities and provides protection for the fleet of general aviation aircraft registered in Minnesota.
The program was established by the Minnesota Legislature in 1957 and has provided funding for the construction of over 1,000 aircraft hangars through...