D.C. Airports Compensation Plan
The Department of Transportation is proposing to compensate general aviation businesses at five Washington-area facilities for reductions in revenue directly resulting from government actions in the wake of 9/11. GA operators, suppliers and service providers at Washington Reagan National Airport, College Park, Potomac Airfield, Washington Executive/Hyde Field and Washington South Capitol St. Heliport are eligible for the money, which was approved by Congress in 2005. There's a total of $17 million in the kitty but the businesses will have to prove, in auditable form, they deserve every penny. The DOT did a study in 2004 of 16 businesses at the five facilities and decided that, between them, the difference between what they would have made in that time span and what they actually made was $10,443,936. More than half of that was attributed to losses felt by Signature Flight Support at DCA. Congress apparently took that figure and added a cushion for surprises and came up with the $17 million, $5 million of which is allocated for Potomac, Hyde and College Park facilities. The congressional allocation is a maximum figure. In other words, if the companies can only prove losses of $15 million, the remaining $2 million goes back to the treasury.