OGDEN — The Ogden administration is seeking to establish another tax-incentivized redevelopment project, this time at the city’s beleaguered municipal airport.

On Tuesday, Ogden Deputy Director of Community and Economic Development Brandon Cooper briefed the city council on an emerging plan that could result in a new Community Reinvestment Area at the Ogden-Hinckley Airport.

The city administration thinks the airport is primed to support the mission of Hill Air Force Base, aerospace contractors and their associated supply chains. But Hill’s expanding F-35 program has highlighted the need for a host of upgrades at the airport, which would require significant public and private investment.

In order to stimulate such support, Cooper said the CRA designation is needed.

Redevelopment areas like the proposed Airport CRA freeze the tax valuation for all taxable properties inside a section of land that’s been targeted for reinvestment.

For a specified time period and/or up to a certain dollar amount, future increases in property tax revenue are used in the redevelopment effort, a mechanism called Tax Increment Financing.

The TIF money is often offered to developers as an incentive to build and it can also be used for things like street and utility improvements, hazardous waste removal, property acquisition and the demolition of blighted buildings.

In Ogden, RDAs typically collect those tax increases from the city, the county and the school district. The city has 19 open redevelopment areas.

Though specific projects within the plan were not discussed in the council briefing, Cooper said the Airport CRA could include $350 million to $400 million in expenditures, adding approximately $300 million in taxable valuation at the airport.

Ogden City has run a municipal airport since 1928, according to council documents.

The current 720-acre airport site near Ogden’s western border opened in 1941. The United States military once trained Navy pilots at the facility under a joint-use lease agreement with the city until military uses were eventually transferred to Hill.

Today the airport provides private and business general aviation service, commercial air service and air ambulance service. It also serves as a reliever airport for the Salt Lake International Airport and for aircraft flying in and out of Hill. With several aerospace businesses operating there, the airport is also seen as a key cog in Utah’s aerospace industry.

But for the past decade the airport has been heavily subsidized by the city, by as much as $750,000 a year.

In 2015, the city completed a feasibility study that showed opportunities for growth and development in general aviation, non-aviation related commercial development, mixed-used aviation, maintenance, repair and overhaul development and cargo and commercial airline development.