Burrell Aviation joined Louisiana Gov. John Bell Edwards and other elected and local officials to celebrate its lease and development plans for 53 acres of runway-accessible land for the Baton Rouge Metro Airport (BTR).
The Burrell Group’s lease, which runs for 30 years with two 10-year renewal options, will allow the company to invest and develop at the BTR Aviation Business Park facilities and to secure anchor tenants looking to make the Baton Rouge Airport an air cargo hub.
“We are excited about this opportunity to partner with Burrell Aviation to grow our Aviation Business Park. Burrell Aviation has the resources through privately sourced funding to market the property, secure tenants, and provide build-to-suit development for them. This will lead to area job growth and more economic output in the Baton Rouge area,” said Mike Edwards, BTR’s Director of Aviation.
Burrell Aviation will invest $113,850,000 into the airport and its surrounding communities, the company said, and is projected to create between 893 and 1,487 permanent jobs. Burrell Aviation will oversee the construction of 400,000 square feet of cargo facilities, the company said.
“The Baton Rouge Metro Airport is an ideal location to add to our portfolio,” said Burrell Aviation CEO John Carver. “The airport is accessible to other major transportation modes such as interstates, rail lines, and a deep-water port. And the shovel-ready site includes significant economic incentives.”