Construction of Phase II of the Pangborn Airport Business Park began in June 2012 and was completed in the spring of 2014. The Port-led $2 million project included grading the 40-acre site at the southeast corner of the airport, extending Fifth Street/Campbell Parkway, and adding utilities and high-speed telecommunication lines. Selland Construction of Wenatchee was the general contractor.
The business park features 16 new lots (two‐ to three‐acres in size) which can be combined to accommodate larger needs. Two of the lots will have direct access to the airport. Tenants can build on the lots or, within certain parameters, the Port also could construct buildings for tenants. The land is zoned general industrial.
The site's attributes include its location adjacent to Pangborn Memorial Airport, the availability of low-cost power and high-speed fiber, and the fact the site is just a 30-minute drive from Interstate 90.
"We obviously believe this is the place to do business in Washington state," Port Commissioner Mark Spurgeon said.
The Pangborn Airport Business Park's first phase — about 30 acres in all — was developed in the late 1990s. The main tenants today include Executive Flight Inc., Coca-Cola Bottling and Accor Technology. Currently, there are 3 lots that are still available in this portion of the overall project area, in addition to the 16 new lots created in Phase II.
The Washington State Community Economic Revitalization Board (CERB) helped fund the second phase. CERB awarded the Port a $150,000 grant and loaned the agency $850,000 (20 years at 2.5 percent interest, with principal and interest deferred for first five years). The Port District also has received a $37,000 grant from the Douglas County Regional Council. The rest of the funding came through Limited Tax General Obligation Bonds the Port District issued in November of 2011.