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| The Beacon Issue No. 9, Summer 2010
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Greetings!
The sweaty summer flying season is upon us and so are the afternoon thunderstorms. In this issue we have an article by Al Aden on the new STC he developed for the C-172 and we have a market report on real estate sales at the airport as well.
We would love to hear if any of you have made any special trips
recently. Feel free to send a short summary and pictures for the next
Beacon.
Enjoy this issue and look forward to hearing from you!
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The OAA Beacon on Facebook
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Stay up to date on the latest news, events and more on The OAA Beacon Facebook Page. Aviation links, fan photos and interesting aviation links are also posted regularly. Join us!
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Cessna 172 430-HP V8 Engine STC
By Al Aden
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 By the time that this goes to press, Quiet Aviation in
Hangar 99 should have officially received the Issue Paper with the Basis or
rules to install the GM LS3 430hp Corvette V8 in a Cessna 172. This has been a 7 year process getting the FAA
to authorize the installation of a production automobile engine in a certified
aircraft which had never been done before. To reach this agreement, we had to make some concessions and sneak in by
using some never used and unusual Federal Regulations.
Our first move was to exercise removal of the 172 from the
Standard Category and place it in an existing and never used Primary
Category. This Category was established
for owners of certified aircraft to do their own maintenance. Then with a separate STC, we install the V8
and components according to the 1949 CAR3 (CAA) regulation which was used
originally for the 172 and is without the many current policies including the
ASTM regs for engines. The engine/gear
box/prop and accessories for this powerplant must have its' own Type
Certificate. This was simplified by
doing it under the JAR22 reg for powered sailplanes.
For a long time we had proposed to use a fully electronic
engine that you find in your car. After
much detail and schematics followed with several discussions, we were denied
use of the computer as "nobody is doing it that way". So we have backed down and for the STC will
use the certified Airflow mechanical fuel injection, but they are permitting
the use of GM's electronic ignition module.
Since this approval is a first, it will be a
foot-in-the-door or a precedence to build on. We are nearing flight in our prototype 172 with a nice Sensenich 3-blade
prop, a modified cooling system, and the dual computer setup. We plan to run up the hours with these
computers for proof of concept which can be used in a follow up proposal. Therefore we are happy to have anyone with at least 200 hours in the
172 or 182 to fly it all they wish at $20/hour and a verbal report of each
flight.
This STC produces a 172 or Skyhawk that is silent at a
1000', runs on auto fuel at 5 to 6 gph, may actually cruise at 150 mph, is
cheap to maintain, and can be used for hire except for any Part 135 activity. By using GM's Performance Build engines, the
FAA has accepted their quality control and has permitted the installation of a
Crate Engine (a unit that has been run on a test stand and is nearly complete)
directly into the aircraft. By the STC,
only service centers can make the mod and there are no overhauls as it is
cheaper and faster to simply replace an engine.
We will be updating our website www.quietaviation.com very soon with
all of the STC news so that you can stay abreast of the developments. The next several months will tell how this
pioneering adventure is going to move ahead. In the meantime, we will continue to test our innovation and prepare to
market firewall forward packages for several of the experimental kit planes. And we are presently engineering the V8 or
the Russian radial installation in the Travel Air biplane so that it will be
introduced as a kit plane. Stay
tuned.
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This article was shortened to fit in the spaced allowed. To read all of the details about this new (and awesome) STC follow this link:
Cessna 172 430-HP V8 Engine STC - Full Article
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OAA Real Estate: A Hyper-Local Perspective
By Erika Henderson
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 Every week Orlando Apopka Airport owners ask me about the real
estate market at the airport. Being such
a unique development OAA does not follow the commercial real estate market
exactly, but it's close. Here is summary of our market:
What has been happening - After a several month hiatus,
sales resumed at the beginning of the year with four hangars and one lot
closing. All were "highly-motivated"
sales. Meaning that the seller was
exceptionally motivated to accept a sale price lower than they likely wanted. Having this inventory cleared out leaves
fewer deals available to new buyers, particularly in the completed hangar
market.
Our market has three distinct segments: Small Hangars,
Midsize to Large Hangars and Vacant Lots. I'll explain the market of the three segments.
Small Hangars - These are the hangars in the 2500 square-foot
size range. This segment included less
speculation during the "boom" years and therefore had fewer highly motivated
sellers than the Mid-size market. Asking
prices have hovered around $100 to $133 per square foot, depending on the
interior finishes and build out. None
have sold due to strong price compression from the larger mid-size hangars
available. Having most of the Mid-size
"deals" gone will positively affect this segment.
Mid-size Hangars - This includes hangars from roughly 4900 square-feet
to 9000 square-feet. A large amount of
speculation occurred in this market leading to investors becoming highly
motivated and lowering asking prices to rock-bottom levels. These hangars all sold below cost to
build.
Vacant Lots - The vacant lot market has also suffered from
the pressure of the low priced mid-size hangars. Asking prices in this market are too varied
to relay briefly. The one sale was a
small-sized lot. Banks
currently have little interest in lending on vacant land meaning buyers of lots
need cash. As long as buyers could buy
a completed building for less than building themselves, there was little reason
to buy a vacant lot. The sell-off of the
midsize-hangar deals is positive for the vacant lot market.
Market outlook: Recent sales activity and an improving financial market are good signs
for the OAA real estate market and indicate the decline has stopped. Additionally, the first sector of the
commercial market expected to recover is the industrial sector - particularly
those properties located near airports or railways. Longer term, proposed rail development in NW
Orange County and the extension of the 414 and 429 Expressways are expected to have
a positive effect on OAA values over the next five to ten years.
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Plane Shots
| Both of these photos are of Tom Fumar's Air Cam, taken on a flight from Apopka to Pennsylvania. Thanks for sharing Tom!
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Collectible Korean / Vietnam Vehicles & Steel Building Components - OAA Owner
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Dean Steel Building
50' x 50' on the ground at OAA. Includes Hydroswing door. $20,000 OBO.
Korean War Jeep
1952 Willys
Hood signed in 2008 by battalion members assigned to the same battalion the Jeep Served.
$9900
Vietnam Era Munitions Carrier
16 HP Wisconsin Engine
4-Wheel Drive
Extremely versatile vehicle.
$5500
Contact Ron Henderson for more details - 407-712-4071 - ron@chandelleproperties.com
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The Brinckerhoff Financial Group - OAA Owner
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Edgewater Custom Golf Carts - OAA Owner
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These carts work great for moving aircraft and for getting around the airport! 407-295-3279
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The Beacon is
published regularly as a cooperative effort between Chandelle Properties
and Macbeth Aerial Photography. The stated purpose of this publication
is to share the exciting news about the continued growth and
progress at Orlando-Apopka Airport [X04] with the airport owners,
friends, neighbors and nearby communities. Distribution is via email
and online download. Please send subscription requests, advertising
inquiries, letters, press releases, calendar events, announcements and
swap shop items to:
EMAIL: news@OAABeacon.com
TEL: (407) 462-0227
USPS: The BEACON Newsletter
P.O. Box 475
Plymouth, FL 32768 |
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