Melbourne Airport Authority Approves Magellan Project

By  //  April 4, 2014

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MELBOURNE, FLORIDA -Melbourne Airport Authority’s board voted to approve a confidential space project known as “Magellan.”

Melbourne Airport Authority approved "Project Magellan," an unspecified economic development project designated for Melbourne International Airport.

Melbourne Airport Authority approved “Project Magellan,” an unspecified economic development project designated for Melbourne International Airport.

With the vote, the airport will provide provide a ten year lease of 20 acres of property to the undisclosed company, which plans to construct a 200,000 square foot building and hiring 300 people by the end of 2015.

ECONOMIC IMPACT OF MAGELLAN 

According to Space Florida, the unknown company has said they will invest $500 million in real estate, equipment and furnishings between now and 2020. The company would also create 250 jobs by the end of this year, with some as high as $100,000.

RELATED STORY: FUNDING FOR ‘PROJECT MAGELLAN’ SAILS THROUGH


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