Airport hangar construction payments
Summary
The board paid Graves Construction's fifth pay estimate on the 8-Plex Nest T-Hangar project but noted concrete cracks in 4 of 8 door latches — a defect to watch going forward.
At a glance
- Total mentions
- 5
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 14, 2026.
Impact analysis
$100,702.85 paid to Graves Construction under Pay Estimate No. 5.
Future hangar tenants once the 8-plex T-hangar project is complete and defects are corrected.
Tenants may face steadily rising rents of 5% per year after 2028.
Mentions & discussions (5)
Airport Board - Sep 14, 2026
The Board approved nearly $72,000 in additional payments to Graves Construction for the new nested T-hangar buildings, funded largely through the Federal Airport Improvement Program.
Airport Board - Aug 10, 2026
Two pay estimates totaling about $395,284 were approved for Graves Construction's work on the new 8-plex T-hangar at Spencer Municipal Airport. That keeps the hangar project moving for local aircraft owners.
General - Jul 28, 2026
The airport's new eight-plex nested T-hangar project got a design tweak, and the rules for renting hangars were set: big hangars get priority, and rents climb 5% a year starting in 2028.
Airport Board - Jul 13, 2026
The board paid Graves Construction's fifth pay estimate on the 8-Plex Nest T-Hangar project but noted concrete cracks in 4 of 8 door latches — a defect to watch going forward.
General - Jun 15, 2026
Two pay estimates totaling nearly $298,000 were approved for the 8-plex nested T-hangar project at the airport.
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