The Amarillo Economic Development Corporation (AEDC) has recently 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, has been sold to International Paper for a sum of $6.3 million.

While International Paper has not yet disclosed their plans for the site, the company’s written statement mentioned that they are not ready to share how this new acquisition may fit into their future plans.

The decision to approve the land sale was made by the AEDC in an effort to promote economic growth and development in the region. By selling the land to a major corporation like International Paper, the AEDC aims to attract investment and job opportunities to Amarillo.

Following the approval by the AEDC, the Amarillo City Council also voted in favor of the plan. This collaborative effort between the AEDC and the City Council demonstrates their commitment to fostering economic prosperity in Amarillo.

The $6.3 million land sale at the Rick Husband International Airport marks a significant development in the city’s economic landscape. As International Paper finalizes their plans for the site, Amarillo can anticipate potential growth and positive economic impact in the near future.

Sources:
– Original article: KFDA
– Definitions:
– Rick Husband International Airport: An airport located in Amarillo, Texas
– Amarillo Economic Development Corporation (AEDC): A corporation focused on promoting economic development and job creation in Amarillo
– International Paper: A global leader in the paper and packaging industry