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Airport director: Shaft Drillers seeks 40‑year lease, large hangar at Morgantown Municipal Airport
Summary
Airport staff briefed council that Shaft Drillers International plans to relocate aircraft to Morgantown and build the airport’s largest hangar; the company seeks a 40‑year lease to support an estimated $12 million hangar, with a land lease revenue of about $11,000 per year noted in the presentation.
Morgantown Municipal Airport staff told council the airport is negotiating a commercial lease and operating agreement with Shaft Drillers International, a company that operates corporate aircraft and helicopters and uses the Morgantown airport frequently.
Airport staff described Shaft Drillers’ plan to relocate corporate jets and helicopters to Morgantown and build a large hangar adjacent to the airport rescue and firefighting (ARFF) building and administrative offices. The airport director said the hangar would be the largest currently at the field and that the developer estimates construction costs near $12 million.
Shaft Drillers requested a 40‑year lease to allow amortization of the construction cost; airport staff said the proposed land lease would bring just over $11,000 per year to the airport and that the lease would revert the building to airport ownership at the end of the term. The airport director asked council to move the lease and operating agreement forward to the regular agenda for formal consideration; Committee of the Whole members agreed to move the matter to the Feb. agenda for readings.
No comments or objections were recorded at the Committee of the Whole. The airport director said Shaft Drillers currently operates aircraft in Latrobe, Pa., but most of the company’s personnel live in the Morgantown area and use the airport frequently.
