\u201cThe Park\u201d 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. <\/p>\n
Located on the old Air National Guard site, the new propeller aircraft facility is being constructed
\nunder the terms of a lease with Pacific Aviation Development. Once completed, \u201cThe Park\u201d will
\ninclude its own terminal, maintenance services, flight schools, restaurant, self-service fuel station
\nand aircraft wash rack.
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\nThe first phase involves the relocation of over 70 existing hangars followed by construction of
\ntwo buildings housing 24 new hangars on a nearly ten-acre site. Street improvements along
\nBalboa will include a sidewalk, street lights, street trees and landscaping. The current phase will
\nbe completed by March 31, 2015. <\/p>\n
Overall, the 350,500-square-feet of new construction and infrastructure that will house a new
\nterminal and restaurant, is expected to be completed by December 31, 2018. Upon completion,
\n\u201cThe Park,\u201d at Van Nuys Airport (VNY) will encompass new hangars, new offices and off street
\nparking spaces for tenants and visitors. The project is anticipated to include a communal hangar
\nfor pre-1950 military war birds and consists of over 30 acres dedicated solely to propeller aircraft.<\/p>\n