The Biden Administration announced on Jan. 30 it would award roughly $250 million through its Airport Infrastructure Grant (AIG) program to airports in 37 states. The injection for fiscal year 2024 is a significant win for airports in need of money to modernize everything from terminals to runways, but it also underscores a bigger truth about airport funding: it’s complicated.
With more than 5,000 public use airports nationwide, different mechanisms are used to fund different parts of each airfield. Like any complex infrastructure, airports are dynamic: they have their own unique challenges and characteristics that rely on this complex web of funding mechanisms to suit their own unique needs. The Air Current takes a step back from the headlines to dissect the question: Where do these vital funds for airports come from and where do they go?
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