Port lands $1.1M state loan to buy Richland Airport office building

The Port of Benton is buying a 12,000-square-foot office building in the Richland Airport Business Park using a low-interest loan from the Washington Department of Transportation.

The port is borrowing $1.1 million from the Community Aviation Revitalization Board, a WashDOT program that helps airports be financially self sufficient, such as earning money from leasing space.

The port will become the landlord for existing tenants at 1845 Terminal Drive while offering vacant space to aviation-related businesses, it said.

Built in 1977, the property was owned by Cheryl Ann and Robert Moe of Granger, according to Benton County property records. The 2023 tax bill on the property was $8,061. The port is a public entity and does not pay property taxes.