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NDSU Continues to Pay Off Private Jet through Rentals - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

NDSU Continues to Pay Off Private Jet through Rentals

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     Here's a loaded question... What costs just over a million bucks every two years and is only used by it's owner about 70 hours each year? Give up?

     North Dakota State University's '91 private jet. They've owned it since 2007 and over that time they've been shaving away at the lease so that they can pay it off sometime in 2017. But some members of North Dakota legislature have proposed that they get rid of it already or get it in the states hands for all state agencies to utilize. But the university says they raised money through donors and private investors to purchase and operate the plane and their ultimate goal for the past year has been to sell it.

     Bruce Bollinger the vice president for finance and administration at NDSU says they're not opposed to selling the plane to the state so more agencies could utilize it.

     "We're supportive of this plane being put into a central aircraft pool. They could have this plane be based out of Fargo and we could have all state agencies using it. So NDSU would be supportive of a plane going into the pool and we could have it based out of Fargo and make it accessible to other state agencies." Says Bollinger.

     In October NDSU took the plane off the market because it just wasn't selling. They didn't want the plane to devalue as it stayed on the market too long. In the meantime they've been renting the plane out at the jet center for 660 dollars an hour. They say they average about 100 thousand dollars a year renting the jet out that way. NDSU says no state taxes, or tuition dollars have ever been used to operate or purchase the jet.

 

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