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Airport staff orders valuation for Building 1083 and weighs leasing vs. demolition as maintenance backlog grows
Summary
Airport staff said Molton Corbin will appraise Building 1083 to determine costs to make it leasable; staff noted an active lease on the Eylea building (paid through October), a $1 million-plus quote to demolish two damaged buildings, and multiple flood-recovery projects and FEMA inspections.
Airport staff told the Airport Advisory Commission that it is commissioning a valuation and facility assessment for Building 1083 and will analyze whether to invest in repairs for leasing or to remove older structures amid a backlog of maintenance and flood‑related repairs.
Bobby said Molton Corbin will perform a valuation of Building 1083 “so that we can determine what the cost is to get that in a good leasable state” and that staff will follow with a market-rate analysis and tenant outreach. Commissioners urged staff to consider incentives that would make a lease…
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