Van Nuys Airport to hold Groundbreaking for New Propeller Park

“The Park” at Van Nuys Airport will break ground on Monday, June 23rd at 5:30 p.m. for its $21-million, 30-acre propeller aircraft facility with a formal groundbreaking ceremony by airport executives, government officials and community leaders.

Located on the old Air National Guard site, the new propeller aircraft facility is being constructed
under the terms of a lease with Pacific Aviation Development. Once completed, “The Park” will
include its own terminal, maintenance services, flight schools, restaurant, self-service fuel station
and aircraft wash rack.

The first phase involves the relocation of over 70 existing hangars followed by construction of
two buildings housing 24 new hangars on a nearly ten-acre site. Street improvements along
Balboa will include a sidewalk, street lights, street trees and landscaping. The current phase will
be completed by March 31, 2015.

Overall, the 350,500-square-feet of new construction and infrastructure that will house a new
terminal and restaurant, is expected to be completed by December 31, 2018. Upon completion,
“The Park,” at Van Nuys Airport (VNY) will encompass new hangars, new offices and off street
parking spaces for tenants and visitors. The project is anticipated to include a communal hangar
for pre-1950 military war birds and consists of over 30 acres dedicated solely to propeller aircraft.