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Board approves development and ground lease with Atlas Hangars LLC at county airport
Summary
Commissioners approved a multi-unit hangar development and taxiway extension lease with Atlas Hangars LLC for 158,048 square feet, with board noting projected annual revenue to the airport.
Kim Stevenson presented a development and ground lease (AAL-2025-1100) for Atlas Hangars LLC to build multi-unit hangars and extend Taxiway Delta 3 in three phases. Stevenson said the project totals 158,048 square feet and will generate annual revenue to the airport in the amount stated on the record.
A separate lease estoppel related to Panhandle Area Council Inc. to support Empire Airlines’ financing was presented and described as the county’s standard lease estoppel document to complete financing with Washington Trust Bank.
The board moved to approve the Atlas Hangars lease and then approved the Panhandle Area Council lease estoppel. Both motions were adopted with aye votes from the commissioners present.
