City Council votes to endorse new Airport Incentive Framework
LETHBRIDGE, AB – Lethbridge City Council has voted 7-2 to endorse a new Airport Incentive Framework.
The primary goals of the plan are to encourage the continued growth of passenger traffic at the Lethbridge Airport, improve the net operating margin and negotiate agreements for establishing new routes to and from the terminal.
Additionally, council approved the City Manager or designate to discuss potential agreements with airlines regarding future options for passengers flying in and out of Lethbridge.
As part of Tuesday’s resolution, Council also approved the creation of an initial fund, not to exceed $1 million, to facilitate negotiations with any interested parties. That work is to be funded through the Municipal Revenue Stabilization Reserve (MRSR).