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...r - 1 <br /> SUMMARY <br /> A new general aviation airport in Orange County with a runway of <br /> about 5000 feet in length located within an attactive driving time <br /> of North Carolina Memorial Hospital: <br /> -- could generate annual income, after operation , <br /> maintenance and improvement costs, of $50-55, 000 in <br /> initial years and $130, 000 - $135, 000 after about 15 <br /> years of operation <br /> -- would have available with these amounts enough funds to <br /> cover the annual bond payments for the county's share of <br /> construction costs <br /> -- would make possible the relocation of all aircraft <br /> operations from Horace Williams. <br /> -- should be a county public airport <br /> -- would require sound and thorough land use controls for <br /> the surrounding area in order to maintain the airport as <br /> an asset and to prevent reenactment of the Horace <br /> Williams situation in a different portion of the county <br /> -- would provide an excellent base for economic development. <br />