Clay Lacy plans $10m facility at Van Nuys
Clay Lacy Aviation is investing $10 million in a new 6 acre site at Van Nuys Airport in Los Angeles, which is scheduled to open in 2016.
The groundbreaking ceremony was attended by Los Angeles Mayor Eric Garcetti, who said: “This major financial investment in our city will boost our local economy and create good, middle class jobs for Angelenos, including those young Angelenos who train at the LAUSD Van Nuys aviation mechanic school right next door.
“Clay Lacy Aviation is a homegrown, family-owned company that has been headquartered at Van Nuys Airport for nearly half a century, generating revenue to sustain Los Angeles. Clay Lacy’s growing operations demonstrate that our city is the place for businesses to start, grow and launch new ideas.”
ALSO READ: Clay Lacy Aviation becomes first in charter market to offer talk and text
Clay Lacy Aviation’s new and existing facilities will generate over $31 million in lease and $2.5 million in property tax revenues over a 30-year term. The development will also create approximately 25 new maintenance, line service and ground support jobs.
Clay Lacy, founder of the company, announced a new scholarship program that will cover the entire costs of tuition, tools, materials and required Federal Aviation Administration exams for two NVOC-Aviation students in financial need each year.
“When I started Clay Lacy Aviation in 1968 with a single Learjet, I could never have imagined operating a fleet of 75 business jets or having more than 300 employees as we do today,” Lacy said. “I’m proud to say that we employ more people at higher wage jobs and generate the highest tax revenue per acre than anyone on the airfield. Most importantly, the economic benefits and jobs we generate stay in the City of Los Angeles.”
The South Campus site will include hangar space to house long-range aircraft up to the size of the Global 7000 and 8000, Gulfstream G650 and Falcon 8X.
The facility will include new office, training and meeting spaces, along with an indoor event space featuring the display of Clay Lacy’s iconic Lear 24, the first business jet to land at Van Nuys Airport in 1964. There is also extra outside ramp space. The facility is scheduled to be completed by the end of 2015.