JERICHO, NY (FOX19) - Airport Plazas, LLC, a specialized developer of retail gas plazas inside airport grounds, is coming to the Cincinnati/Northern Kentucky International Airport.
The company closed on tax-free bond financing on Dec. 30. The deal provides Airport Plazas with a $7,000,000 loan facility through Aviation Capital Partners (AvCap).
Airport Plazas will fund $1.5 million from their own funds for a total investment of $8.5 million for the construction of the plaza. The plaza will be located off of Loomis Road and offer fuel, car wash, light auto repair, a restaurant and a convenience store.
Situated on just under 1.5 acres, the property will feature a main building of 9,800 square feet and a fueling canopy with over 40 parking spaces. The location will be walking distance to the terminals and conveniently located off I-275.
"We are excited to be bringing new services to CVG Airport that will also cater to passengers, non-flying public and airport staff," said George Abi Zeid, President & CEO of Airport Plazas.
Airport Plazas is also planning to break ground at four additional airports in 2011. The company has contracted BOVIS Lend Lease to manage the construction on this site and all sites throughout the country.