In the summer of 1964 , John D. Gibson and a small group of local businessmen who were also interested in aviation decided that they would look for a site for an airport, not only to allow them to pursue their own aviation interests, but to benefit the town of Mooresville. Led by Mr. Gibson and incorporated in 1964, the Lake Norman Aviation Club, Inc. (LNAC) negotiated leasing arrangements with Duke Power Co. to use the land, which by now was situated on a peninsula in the lake.
In the early months of the Airport, the club worked with Duke Power to clear timber and the National Guard to grade and prepare the land for the airstrip, to be named “Mooresville Airport”. A few months later, in February and March of 1965, the club purchased its first airplanes: A Piper Super Cruiser and a Piper J-3 Cub. By April of 1965 the club had grown to 51 members.
Soon the club realized that it needed a clubhouse for meetings and social events. After rights-of-way and easements were obtained LNAC began construction of its clubhouse. The first meeting recorded as being held in the new clubhouse was in July 1966.
In 1970 the runway was a 2,400 foot grass strip, 20 feet wide and plans were made to construct T-hangers on the field. By August of 1971 membership had dropped to 21. The balance of the seventies proved to be troubling times for the club and the members were determined to make a new start. By the mid-1980’s the club was again active.
The National Guard was called in once again to help out. This time it was to erect a beacon on the field. A work day was scheduled for January 6, 1987. Talks with the Mooresville Chamber of Commerce were commenced in February in an attempt to interest the town in owning the airport.
By the next year, club member Tom Wilson had expressed an interest in the property and proposed purchasing it and developing a residential community.
In 1990 Tom Wilson purchased the airport property and the surrounding acreage, developing a working agreement with the club so that it could continue. Members were eager to focus their attention on flying rather than fixing, according to the minutes of the club. Continued improvements were made including tie-down areas, renovating the club house and adding a telephone. Tom Wilson Properties was formed to develop and market the residential airpark
In May of 1994 The Lake Norman Airpark Owners Association was incorporated as a non-profit corporation and as such, it is a tax-exempt corporation abiding by the laws of the state of North Carolina. The “Association” owns and maintains the runway and approximately 40 acres of common area, which includes the associated residential taxi-ways. It also governs construction on the air park.
Race City Flight Operations purchased assets from Youngblood Aviation in April 2014. And in November 2018, Race City Flight Operations ownership was transferred to a new owner whose goal is to make the Mooresville and Lake Norman area a great destination and flight training environment for incoming pilots as well as area students who are eager to learn to fly.