North Texas Regional Airport — Perrin Field may soon have a new terminal to welcome visitors and aviators to Grayson County. Rise Aviation is expected to finance a new 11,000-square-foot facility at the site.

The Grayson County Regional Mobility Authority board voted to enter into a professional services agreement that will set the stage for the potential development of a new terminal building.

“This is a clean-cut deal for the county,” GCRMA Board Chair Robert Brady said. “We get a brand new structure with no additional cost.”

Under the proposed project, the existing terminal building would be replaced on site with a new, larger facility. The building would house both the airport terminal and Rise Aviation, who serve as the fixed-base operator at the airport and offer maintenance, concierge and other services at NTRA.

“We are working out some details right now and we ought to be pretty close to an agreement,” Brady said. “It should still be another month before we have any kind of announcement one way or another.

“I don’t think that there is any showstoppers in the agreement for either side; there are technical questions, but there are no questions that would prevent us from executing, I believe at this time.”

Brady said there are two possibilities for the development of the terminal. One plan calls for the full removal and replacement of the existing terminal while another plan calls for a complete renovation and expansion of the building.

“For us, we would prefer it was scraped and built new as opposed to utilizing some 40-year-old structure, to modify and use,” he said.

Brady said the new terminal could be a major asset as the airport attempts to bring in higher profile tenants and customers. Through a quality amenity, Brady said he hoped to increase the profile of the airport and encourage additional growth.

“With me not having an aviation background, it was an education for me to understand how important it is to customers coming to the airport to have … a state-of-the-art one to come to,” Brady said. “It is a chip that we can use in promoting the airport.”

With its proximity to the Dallas-Fort Worth Metroplex, Brady said NTRA is in a unique position to court corporate tenants who need a location to store corporate aircraft.

“Right now in the Metroplex area there are no space for corporate jets and things like that,” Brady said. “This is the perfect location for them, but you know, there are certain requirements that they have for terminals and FBOs and we don’t meet those requirements, necessarily.”

If the project moves forward, Rise Aviation will continue to operate its existing facility, which contains hangar space. These features are not in the designs for the first phase of the terminal project, but could be included in future phases, said Mike Livezey, vice president and general manager of Rise Aviation.

Brady said the agreement still needs to go before county commissioners, however commissioners Bart Lawrence and Phyllis James were in attendance and did not appear to voice any concerns.