b'GENERAL AVIATIONYGE 69 Full closure and redevelopment of the airportThe property could be offered for sale and redeveloped based on the highest price and best use, unrelated to aviation.Closing the runway and restricting airfield use to rotary-wing operations onlyThe balance of the property could then be redeveloped for non-aviation purposes. Maintaining current operation levelsThe airport wouldcontinue to be owned and operated by the town and available to fixed-wing and rotary-wing aircraft.While its totally intuitive for us to think having an airport is a great thing, it must be measured against our ability to actually maintain it over the long-term, Mayor Ron Oszust told the local newspaper in 2020 when the viability study was initiated. Supplements from the town of Golden and Columbia Shuswap Regional District cover the funding gap for YGE. For instance, operating expenses were about $104,000 in 2022, while total operating revenue was slightly less than $33,200 in 2019. Beyond objective financial statistics like that, the viability report HM Aero created notes that the success of many regional airports in Canada is measured not in the profit they generate, but by their financial sustainability and EXPERIENCED | TIME-TESTEDFULLY INTEGRATED HANGAR & DOOR SYSTEMSopportunities, and the condition of airport infrastructure, with estimates for immediate and long-range maintenance and repair costs.Currently, the airport has nine tenants. They include two helicopter charters that support tourism, aerial work, wildfireHANGARsuppression and search/rescue operations; a skydiving operator; a fixed-wing sightseeing operator; a search and rescue organization;&DOORa company that sells fuel to based and visiting aircraft; and a NAV1957 2023Canada partner that provides weather observation and reportingEXPERTSservices. Assessing the Options START TO FINISH EXPERTISEUsing combinations of aviation and non-aviation opportunities forSingle-source for Design, Manufacturing, & On-Site Services development and revenue generation, HM Aero landed on three potential options for moving forward:800.274.0144|FULFAB.COMAirportImprovement.comJanuary | February 2024'