Officials from Sun ‘n Fun and the Polk County School Board broke ground Thursday on a new $7.5 million building that will house the Central Florida Aerospace Academy (CFAA), an aviation-oriented career academy that is already located on the Sun ‘n Fun campus.

The new 58,000-square-foot facility, which will house up to 500 high school students, is slated to open in August 2011.

The building is made possible by a $7.5 million grant from the Aviation Education Foundation, a non-profit organization founded by James Ray, a pilot with 70 years of flying experience, and a successful businessman with interests in ranching, oil and gas exploration, real estate development, and investing. A B-17 pilot during World War II, Ray has provided the start-up funding for more than 300 businesses, including Eclipse Aviation and Cirrus Design. He’s also made significant donations to the University of North Dakota, EAA, and the Museum of Flight in Seattle.

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