For its entire history of more than eight decades, Hampton Roads Executive Airport (KPVG) has been privately owned and has endured bankruptcy twice. That trend was reversed in 2000 when the original principals of Virginia Aviation Associates purchased its 230 acres and then the following year acquired an additional 400 acres, paving the way for expansion. “Being a privately-owned airport, we own everything vertically, so to speak,” explained majority owner Steve Fox, adding that KPVG is a public-use reliever airport for nearby Norfolk International. “We own all the land, all the buildings, and the FBO.”
Now a family business, the new ownership embarked on an aggressive development program, with Phase 1 consisting of many improvements to the airport, including the construction of a new 5,350-foot-long, 100-foot-wide runway, which can handle aircraft up to Boeing Business Jets. It was built parallel to the former 4,000-foot-long, 75-foot-wide main runway, which was simultaneously lengthened and repaved to become the full-length taxiway, and both feature new lighting. A new terminal was built along with a dozen hangars, and the airport was hooked up to the public sewer system. All told, it amounted to a $55 million project.
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