According to the MDC's Agenda for their March 14th special meeting:

Consider a resolution approving a request for proposals for repair or alteration of the AMI Hangar and construction of two new hangars at the Midland International Airport using either the Construction Manager-Agent method (Section 271.117 of the Texas Local Government Code), the Construction Manager-At-Risk method (Section 271.118 of the Texas Local Government Code), the Design-Build method (Section 271.119 of the Texas Local Government Code), or the competitive bidding method (Section 271.115 of the Texas Local Government Code), as authorized by Chapter 271 of the Texas Local Government Code; and authorizing advertisement for said services.

As a result of this meeting, the Midland City Council on Tuesday approved this action, and as the story in the MRT today says, the project may cost about $20 Million.

Now, the MDC is gearing up at it's March 28th meeting to approve the following:

Consider a motion authorizing the Midland Development Corporation President, or his designee, to engage Fulbright & Jaworski L.L.P. and First Southwest Company regarding the financing of a project, as defined by Section 4A, Article 5190.6, Texas Revised Civil Statutes; and authorizing the Midland Development Corporation President, or his designee, to execute any term sheets or other such documents required by a financial institution for the commitment of funds.

For those of you who may not know, First Southwest Company is an issuer of governmental debt, and F&J is one of the largest law firms in the State of Texas, and when you combine a bond issuing company with a law firm, you know what that means.

Now we know the MDC has a big war chest, but they don't have $20 Million to spend all at once, so it appears they are about to access debt financing to make a run at "some airport project" for "some aerospace company. Seems to me they are borrowing to make another HUGE bet at the Airport, after they struck out with "Building A."

As for the suitor, it might be MD Helicopters. According to the Dallas Business Journal, they received proposals from 160 sites in 17 states. The article goes on to say they would be looking for at least 150 Acres and they they would bring at least 150 jobs from a facility in Grand Prairie.

The article also says they have winnowed the sites down to 4, and with the MDC holding a special meeting around the time of the announcement to move quickly on a two-year old airport demolition and renovation project, and see about issuing debt, I'm seeing more than coincidence, again.