Money left over from projects near the Greenwood Municipal Airport is being spent on a machine that will clean airplane fuel.
Greenwood is buying the city airport a machine to filter water and debris out of airplane fuel so the gas can be sold or put back in a plane fuel tank that needed repair. The city redevelopment commission agreed to spend $15,789 in tax-increment financing, or TIF, money to buy the equipment for the Greenwood Municipal Airport.
The commission hadn’t spent all of the TIF money set aside for airport projects, such as removal of a water tower. The airport also can earn back in fuel sales the cost of the machine, so the purchase made sense, redevelopment commission president Mike Tapp said.
“This, to me, is a no-brainer,” he said.
The Greenwood Municipal Airport currently throws away about 10 gallons of fuel per day, just because workers have to take out some gas daily to check the underground storage tanks for water, said David Kovach, board of aviation commissioners president. The airport not only loses the income it would have gotten from selling the fuel but also has to pay to dispose of it, he said.