Jim McCollum, a former BellSouth Regional Director and current member of the JAA Board, has been appointed by the JAA Board to serve as Interim CEO until a permanent replacement has been hired. JAA also announced that they have “approved the establishment of a Cecil Field Development Policy that allows the JAA to offer special considerations, such as lease concessions and incentives, to help stimulate development at Cecil Field during this difficult economic environment. The policy will be in place for five years or until such time the U.S. economy and financial markets have demonstrated a trend of recovery – whichever comes first.”
In addition, the Board announced that they will appropriate $1.5 million dollars in order to receive matching federal stimulus grants of $4.6 million for airport improvement projects at Jacksonville International Airport. The specific projects have yet to be identified, but JAA management will report to the Board before awarding any contracts.