October 19, 2022 — The Port of Skagit added to its holdings at Skagit Regional Airport with the purchase of two box hangars.
Port Commission formally approved the acquisition of the aircraft hangars during a special meeting last Thursday. The two separate transactions will provide the Port with nearly 14,000 square feet of additional publicly-owned hangar space along Flightline Road, adjacent to the northwest apron off the main runway. These strategic purchases align with the Port’s Airport Master Plan, which focusses on general and business aviation growth at Skagit Regional Airport.
“The airport flightline is increasingly critical to conducting the Port’s work of bringing more business aircraft and more jobs to our community, helping us realize our long term goals,” stated Port Commissioner Dr. Kevin Ware.
The first hangar is 3,600 square feet and was purchased from Thomas Paulus for just over $400,000. The second hangar is just over 10,000 square feet and was purchased from Chuckanut Building LLC for $1.45-million. By purchasing these two hangars, the Port can make them available to lease to a new or existing aviation-related business. The purchase also secures important real estate along the flightline that can be used to provide more aviation-related services to meet the growing demand on the airfield.
“In the short term, the Port will lease the buildings to businesses wishing to expand their operations on the airfield, adding jobs and services,” Commissioner Ware said. “These additional hangars will produce a financial return for the taxpayers and increase revenues for the Port, so this serves well our future needs and provides short term benefit for existing tenants providing maintenance and other aviation services.”
Private development at the airport has been booming over the past few years, with six new large hangars constructed or still under construction, and 20 new T-hangars for smaller aircraft. This private sector investment is a testament to the value of Skagit Regional Airport as a transportation asset to our local community and beyond. The airport is also experiencing steady growth in international flight arrivals since adding US Customs and Border Protection services in 2019.