Press-Republican

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April 15, 2014

Laurentian eyes PARC property

PLATTSBURGH — Laurentian Aerospace Corporation has secured an option to purchase the former Air Force flight-simulator building at 130 Arizona Ave. 

Speaking at a meeting of the County of Clinton Industrial Development Agency and the County of Clinton Capital Resource Corporation on Monday, Laurentian Senior Vice President and Chief Financial Officer Andrew Edwards said the property, owned by Plattsburgh Airbase Redevelopment Corp., is an ideal fit for temporary offices during the two-year construction phase. 

They had originally planned to lease space there, but that changed when they saw the property was still for sale.

“What we hold now is an option on the building,” he said.

‘IDEAL TRAINING SPACE’

Laurentian has not given up on plans to build a 278,000-square-foot, two-bay hangar for maintenance, repair and overhaul of wide-body jets at Plattsburgh International Airport, a project first announced in 2006.

The double-bay hangar would include computer-operated, laser-guided docking systems that significantly reduce the amount of time to move aircraft into position for work to start. 

The firm predicted it would hire between 200 and 300 workers initially and as many as 900 once the business was up to speed.

The former flight-simulator facility, Edwards said Monday, would provide ideal training space for employees prior to the opening of the hangar. 

Located adjacent to the proposed hangar site, it has a spacious auditorium that would be perfect for training operations.

During construction, Laurentian would bring in employees for training so work could start immediately upon completion of the hangar, Edwards said. 

Plans now call for 70 head-office personnel and 940 hangar-operations staff at full operation.

PRIVATE FINANCING FIRST

The main purpose of Monday’s meeting was to reauthorize the IDA and Capital Resource Corporation to issue tax-exempt airport bonds on behalf of Laurentian, an authorization that needs to be periodically renewed and has been so several times. 

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