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TIME: Almanac 1990
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1990 Time Magazine Compact Almanac, The (1991)(Time).iso
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072489
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07248900.013
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1990-09-17
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BUSINESS, Page 41Business NotesAIRPORTSFreight Goes First Class
A stretch of prairie north of Fort Worth seems an unlikely home
for the "industrial hub of tomorrow." Yet this is where Texas
billionaire H. Ross Perot is constructing a 9,600-ft. runway that
will carry mostly industrial products rather than human passengers.
Perot and his son H. Ross Jr., 30, who heads the project, envision
the Alliance Airport as the center of a 4,200-acre industrial park
in which companies will manufacture products and distribute them
by air freight.
Fort Worth has invested more than $75 million in the city-owned
airport, and the Federal Aviation Administration has donated $31
million toward construction because it will help reduce congestion
at other fields. The Perots, who donated 414 acres for the airport,
plus $14 million, own nearly 17,000 acres nearby.