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Bridgeport approves two 25‑year airport ground-lease renewals, including transfer to Mike and Jan Burton
Summary
The council approved two airport ground-lease actions: a new lease in the name of PLAC Holdings LLC for Hangar 394-3-13 and its transfer to Mike and Jan Burton, and a renewal for Hangar 432-1-23 for Bridal Ritchie; both new leases are 25-year extensions with a market-rate review in five years.
BRIDGEPORT, Texas — The Bridgeport City Council on July 14 approved two airport ground-lease actions affecting privately owned hangars on city property: a new ground lease for Hangar 394-3-13 in the name of PLAC Holdings LLC with a planned transfer to Mike and Jan Burton, and a new lease for Hangar 432-1-23 in the name of Bridal Ritchie.
Mike, speaking to council…
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