FAA Places Hold on all Burbank Airport Grants Pending Review of Past Federal Grants for Terminal Site

Reconciliation Proposal from Airport Authority on Previous Grants Needs to Be Completed Before More Federal Money Can Flow – Home Insulation Program and Security Project Could Slow

BURBANK, Calif., May 19, 2003 — The Federal Aviation Administration has notified the Burbank-Glendale-Pasadena Airport Authority that all federal grant monies now under consideration for allocation to the Airport have been placed on hold until the FAA has completed its review of an Authority proposal to reconcile over $46 million in previous grants used to purchase land for a replacement terminal that has not been built.

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