During the recent Common Council Meeting in Superior, Wisconsin, discussions centered on a lease agreement involving improvements to a building at the local airport. The council addressed the terms of a proposed ten-year lease, which includes significant renovations aimed at enhancing the facility.
Council members highlighted that the improvements would include a new front door, interior concrete replacement, and the installation of an ADA-compliant restroom, among other electrical upgrades. These enhancements are expected to be substantial, although they will not fully offset the value of the rent-free period being offered to the lessee.
One council member expressed a desire for a clearer financial breakdown of the improvements to better understand their value in relation to the rent concessions. The council acknowledged that while the rent at the airport is generally modest, the intention behind the lease is not to generate profit but to support local businesses and the community.
Additionally, it was clarified that while the lower portion of the building would be leased with a rent waiver, the upper portion would still incur rental fees, as it is currently generating income.
The council unanimously approved the lease agreement, reflecting a commitment to fostering business development at the airport while ensuring necessary improvements are made to the facility. This decision underscores the council's ongoing efforts to balance community support with fiscal responsibility.