Los Angeles dignitaries joined with San Fernando business leaders last Thursday to break ground on Clay Lacy Aviation’s new South Campus, a $10m, 6-acre expansion of its current headquarters facility at Van Nuys Airport (VNY).

On completion in 2016, Clay Lacy Aviation’s new and existing facilities will generate over $31m in lease and $2.5m in property tax revenues over a 30-year term. The development will also create approximately 25 new maintenance, line service and ground support jobs.

“This major financial investment in our city will boost our local economy and create good, middle class jobs for Angelenos,  including those young Angelenos who train at the LAUSD Van Nuys aviation mechanic school right next door,” said Mayor  Eric Garcetti. “Clay Lacy Aviation is a homegrown, family-owned company that has been headquartered at Van Nuys Airport for  nearly half a century, generating revenue to sustain Los Angeles. Clay Lacy's growing operations demonstrate that our city is the  place for businesses to start, grow and launch new ideas.”

During the ceremony, legendary aviator and company founder Clay Lacy announced a new scholarship program that will cover the entire costs of tuition, tools, materials and required Federal Aviation Administration exams for two NVOC-Aviation students in financial need each year. He also recognized two graduates.

“When I started Clay Lacy Aviation in 1968 with a single Learjet, I could never have imagined operating a fleet of 75 business jets or having more than 300 employees as we do today,” Lacy said. “I’m proud to say that we employ more people at higher wage jobs and generate the highest tax revenue per acre than anyone on the airfield. Most importantly, the economic benefits and jobs we generate stay in the City of Los Angeles.”

Designed to be Los Angeles’ most secure and private corporate aviation complex, Clay Lacy Aviation’s South Campus will include:

• 62,900 square feet of hangar space to house long-range aircraft up to the size of the Global 7000 and 8000, Gulfstream  G650 and Falcon 8X.
• 20,526 square feet of new office, training and meeting space with state-of-the-art conference rooms and an adjoining kitchen to accommodate corporate flight departments and private events.
• An indoor event space featuring the display of Clay Lacy’s iconic Lear 24, the first business jet to land at Van Nuys Airport in 1964.
• 137,900 square feet of aircraft ramp space.

Scheduled for completion by year-end 2015, the new development combined with Clay Lacy Aviation’s current leasehold will encompass 14 total acres, 149,000 square feet of hangar space and 34,667 square feet of office, training and meeting space. The physical orientation of the South Campus is designed to keep private jet travelers completely out of view from the  surrounding street and aircraft ramp areas.