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TIME: Almanac 1993
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TIME Almanac 1993.iso
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072489
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07248900.013
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1992-09-23
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970b
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BUSINESS, Page 41Business NotesAIRPORTSFreight Goes First Class
A stretch of prairie north of Fort Worth seems an unlikely
home for the "industrial hub of tomorrow." Yet this is where
Texas billionaire H. Ross Perot is constructing a 9,600-ft.
runway that will carry mostly industrial products rather than
human passengers. Perot and his son H. Ross Jr., 30, who heads
the project, envision the Alliance Airport as the center of a
4,200-acre industrial park in which companies will manufacture
products and distribute them by air freight.
Fort Worth has invested more than $75 million in the
city-owned airport, and the Federal Aviation Administration has
donated $31 million toward construction because it will help
reduce congestion at other fields. The Perots, who donated 414
acres for the airport, plus $14 million, own nearly 17,000 acres
nearby.