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Council briefed on recommendation to lease Hangars 1 and 3 at Lynchburg Regional Airport to Freedom Aviation

5941830 · October 15, 2025

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Summary

Airport staff recommended a five-year lease to Freedom Aviation for Hangars 1 and 3 with monthly rent of $7,000; final approval will be considered at the council—s public hearing.

Airport staff told the Council they received two proposals during an RFP process to lease Hangars 1 and 3 at Lynchburg Regional Airport and recommended awarding the lease to Freedom Aviation.

Staff said the current lease expired in June 2025 and the recommended new agreement would be a five-year lease beginning Jan. 1, 2026. The proposed rent is $7,000 per month with escalator clauses.

The recommendation will be presented at the council—s public hearing later that night; staff noted the full lease is included in the meeting packet for review.

Ending: Staff said they were available to answer questions and that the item would return for the council—s public hearing and formal vote.