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Duluth airport tenants warn steep appraisal increases could sting airlines, airport cluster
Summary
Tom Werner, representing the airport authority, told St. Louis County commissioners during a pre-meeting public listening session that recent property revaluations for leased parcels at Duluth International Airport show sharp percentage increases that have alarmed tenants and could affect airlines serving the field.
Tom Werner, representing the airport authority, told St. Louis County commissioners during a pre-meeting public listening session that recent property revaluations for leased parcels at Duluth International Airport show sharp percentage increases that have alarmed tenants and could affect airlines serving the field.
Werner said the airport cluster generates roughly $1,400,000,000 in economic activity and supports about 4,000 jobs, and that tenants are worried the rate of appraisal increases will create “sticker shock.” He said 14 of 43 leased properties recorded appraisal increases and four properties saw increases of more than 500 percent. "That doesn't…
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