Connect with us

Hi, what are you looking for?

Loan And Finance

State Farm unveils $21 million plan

0270 637825908711136885



State Farm unveils $21 million plan

State Farm’s latest investment is gearing up for takeoff, as the insurer awaits approval for its $21.5 million project which will look to build an additional hangar at the Central Illinois Regional Airport.

The airport has submitted the proposed expansion plan to the city of Bloomington – where State Farm is headquartered – for approval. The new hangar will be built southwest of State Farm’s current exclusive hangar, next to an old airport terminal.

According to Central Illinois Regional Airport director Carl Olson, State Farm wants to replace the hangar it has been using at the airport since 1999 to fly out its corporate travelers. Olson also noted that parts of the aging facility are nearly 40 years old.

“Over the years, State Farm has retrofitted and added space to the hangar, but they have reached the point where they have advised the [Bloomington-Normal] Airport Authority that the current facility can no longer meet the needs of their organization,” the director said.

Olson also explained that the airport authority owns the grounds, but State Farm leases the space.

State Farm also explained in a statement that the construction of a new hangar will enable a safer and more effective workspace for its flight operations.

“We have renovated our current hangar over the past 20 years to meet business needs, we must invest in further infrastructure improvements,” said State Farm spokesperson Gina Morss-Fische. “This investment is an example of our commitment to the Twin Cities.”

Normal, IL-based radio station WGLT reported that the proposed project will include the construction of a new hangar, with both indoor and outdoor parking, as well as a storage bay for planes and office spaces.

Advertisement. Scroll to continue reading.

Once the project is approved. State Farm indicated that it expects construction to be completed by next January.

.



Source link

Click to comment

Leave a Reply

Latest

Top Stories

FTX founder Sam Bankman-Fried and Alameda Ventures made recent headlines for bailing out a handful of CeFi crypto platforms this week, but what exactly...

Top Stories

Although Bitcoin is struggling to form a bottom, altcoins are on a roll and the current price action could benefit UNI, XLM, THETA and...

Top Stories

Ethereum’s native token Ether (ETH) has declined by more than 35% against Bitcoin (BTC) since December 2021 with a potential to decline further in...

Top Stories

The company enables artists and collectors to create, purchase and resell NFTs via blockchain-enabled transactions. Source link

Technology

Interested in learning what’s next for the gaming industry? Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit...

Top Stories

Bitcoin (BTC) made the most of weekend volatility on June 26 as a squeeze saw BTC/USD reach its highest in over a week. BTC/USD...

Advertisement

You May Also Like

Uncategorized

Introductions get a lot of attention. I’ve explored the topic of how to write them even though as a reader, I always skip them....

Online Business Success

The internet is now our nervous system. We are constantly streaming and buying and watching and liking, our brains locked into the global information...

SEO Guide

There are all kinds of pictures of the world on the internet, but to find one of these specific pictures that you want to...

Online Business Success

You can think of link building in many ways. I like to call it tedious, painful, and a test of patience. It’s also necessary...

Advertisement