The Airport Commission meeting held on September 18, 2025, in Norwood, Massachusetts, focused on the future of the Verizon lot, which has been leased for the past 20 years. As the lease is set to expire in approximately a year and a half, the Commission discussed the necessary steps to initiate the process for either leasing or selling the property.
The Commission unanimously approved a motion to authorize the airport manager, the town manager, and the Commission chairman to collaborate with legal counsel to begin drafting a Request for Proposal (RFP) for an appraisal of the lot. This appraisal will inform the decision on whether to lease or sell the property. The discussions highlighted the potential for a more advantageous lease agreement, which could include provisions for subleasing and revenue sharing.
Commission members expressed the importance of ensuring that the lot remains vacant, with restrictions on building, particularly due to its proximity to the runway. The RFP process is expected to be lengthy, and the Commission emphasized the need to stay on schedule to avoid delays.
The outcome of this meeting sets the groundwork for future decisions regarding the Verizon lot, with further updates and proposals to be presented to the Commission for approval as the process unfolds.