WHITE PLAINS, N.Y. -- Westchester County's Board of Legislators approved two local laws on Monday night that clear the path for a nearly $30 million expansion of an already successful local airline company.
Under a new 30-year lease with Million Air, the county granted expansion of the company's facilities on 22 acres at Westchester County Airport in Harrison.
County government officials said projected revenue to the county will increase from approximately $60,000/year to about $320,000 annually in the next 40 months.
In 2020, projected revenue will increase to about $780,000, with annual increases thereafter, county officials said on Tuesday.
As part of the deal, Million Air will invest about $30 million in capital improvements at the County Airport, including a new hangar and new terminal space -- all of which reverts to county ownership at the end of the lease. The new operation is expected to add about 40 new jobs.
Roger Woolsey, the CEO of Million Air, was invited as guest speaker Tuesday evening at a Business Council of Westchester event at the Castle Hotel & Spa in Tarrytown as reported here by Daily Voice.
The 5 p.m. debut of the People’s United Bank Leadership Conversation Series features BCW President and CEO Marsha Gordon’s one-on-one interview with Woolsey. The seasoned aviator, branding expert started his first business venture at age 19.
Woolsey now leads the world’s third-largest company providing upscale, private aviation services to airports, individuals and corporate flight departments.