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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 attractive to tenants without unreasonable concessions.
Staff also reported the Eylea building still has an active lease and must receive a 90‑day notice before it reverts to airport management; staff said the current lease is paid through October. For flood recovery, Mac said terminal repairs are nearly finished and that FEMA has scheduled site inspections on July 18 at about 10 locations to document fence, building and aircraft damage before a full damage list is available.
The commission heard that two buildings (112 and 115) have a demolition estimate “slightly over a million dollars” for removal. Staff said the facility maintenance plan remains constrained while flood repairs continue and that older buildings across the field will need future decisions about demolition versus retention for redevelopment.
Property manager Michelle briefed the commission on building 93 (Kooket Factory), which currently lacks finished restrooms, HVAC and some utilities and is only marketable as storage until renovations are estimated and priced. Staff said they will ask Molton Corbin to inspect 93 during valuation work on 1083 if scheduling permits.
Why it matters: older and flood-damaged buildings consume staff resources and capital; valuation and market analysis are needed to decide whether to invest to re-lease assets or to remove them and prepare land for future development.
Direction: staff to collect Molton Corbin’s valuation of Building 1083, perform a market-rate analysis for leasing, pursue FEMA inspections and damage lists, and return with cost estimates for renovating building 93 and for demolition work on buildings 112 and 115.
No formal appropriation or demolition authorization was approved at the meeting.
