The Amarillo Economic Development Corporation (AEDC) has approved the sale of approximately 250 acres of land at the Rick Husband International Airport in Amarillo, Texas. The land, located across Airport Boulevard from Bell Helicopter’s assembly facility, was sold to International Paper for $6.3 million.

International Paper is yet to disclose how this site will be utilized, according to a written statement from the company. The acquisition of this land highlights the company’s intent to expand its operations in Amarillo and showcases the city’s growing attractiveness to businesses in various industries.

The decision to sell the land was made by the AEDC, which focuses on promoting economic growth in the city. The sale of the land will bring in significant revenue, which can be reinvested into the community to foster further development and job creation.

The Amarillo City Council later approved the plan, signifying the city’s support for the sale and its commitment to encouraging economic activity within its borders. This decision aligns with the city’s efforts to attract businesses and provide opportunities for growth.

The sale of the land at the Rick Husband International Airport demonstrates the city’s potential for expansion and development. These types of investments contribute to the local economy, create jobs, and position the city as a favorable destination for companies looking to establish or expand their presence.

Amarillo’s economic development efforts have proven successful in attracting businesses from various sectors. The sale of this land to International Paper indicates the city’s continuing trajectory of growth and prosperity.

Sources:
– Amarillo Economic Development Corporation
– Rick Husband International Airport
– International Paper