Public assistance, building lease to help Cirrus grow production in Duluth
Thursday, February 17, 2022
DULUTH — The Duluth Economic Development Authority called a special meeting at noon Wednesday to enable Cirrus Aircraft to proceed with its expansion plans immediately.
Members of the authority were unified in their support of a proposal to lease an aircraft maintenance, repair and overhaul facility formerly occupied by AAR Corp. to Cirrus for up to 16 months at a cost equivalent to the building's holding costs, including property taxes. At the end of that term, Cirrus will have the opportunity to purchase the facility outright for $1.
To view full article, visit Duluth News Tribune
Category: Investors