Airport Authority Obtains $6 Million Letter of Credit to Fund Environmental Protection
The Airport Authority announced it had obtained a $6 million letter of credit as part of its commitment to meet specific requirements Florida Department of Environmental Protection Wetlands Resource Permit and the U.S Corps of Engineer’s Section 404 Permit.
The plan for relocating the airport includes unprecedented environmental protection for the entire West Bay watershed. Airport Authority Chairman Joe Tannehill said:
“We are committed to completing the new airport while providing unprecedented and perpetual protection for tens of thousands of acres of wetlands and shoreline that are such an important part of this region’s natural heritage. The 10,000 acres of mitigation lands are only part of the 41,000 acres that will be preserved when this airport is built.”