Construct/expand hangar

The Department of Transportation Federal Aviation Administration New England Region awarded the Town of Princeton, Maine $775,308.42 under the Airport Improvement Program (CFDA 20.116) on May 6, 2026 to construct a new 4,225-square-foot sponsor-owned hangar for aircraft storage at Princeton Airport.

The hangar construction supports the airport's revenue generation and self-sustainability. This award funds a portion of the final construction phase; an associated Airport Infrastructure Grant (CFDA 20.117) funds the remaining eligible portion of the project. The Town of Princeton has adequately financed the airport's airside needs. The period of performance runs through May 5, 2030, with place of performance in Princeton, Maine. The assistance type is a formula grant. The Airport Improvement Program assists sponsors, owners, and operators of public-use airports in developing infrastructure that meets civil aviation needs and supports long-term economic benefits.

Activities and expected outcomes

This project constructs a new 4,225 square foot sponsor-owned hangar for aircraft storage to assist the airport to be as self-sustaining as possible by generating revenue. The sponsor has adequately financed the airside needs of the airport. This grant funds a portion of the final phase, which consists of construction. This grant is associated with an airport infrastructure grant that funds the remaining eligible portion of the project. Intended beneficiary: this grant will provide federal funding for airports associated with princeton, maine.