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Council OKs extending airport lease to 2070 to unlock $72 million in private investment
Summary
Council approved a 25‑year extension of the Birmingham Shuttlesworth International Airport lease to 2070 to allow private operators to make multimillion‑dollar facility investments. Airport authority leaders said the extension was needed to secure $42M and $30M improvements from two tenants.
The Birmingham City Council voted Aug. 12 to approve a second amendment extending the lease assignment and operating agreement with the Birmingham Airport Authority by 25 years, moving the lease’s expiration from Sept. 15, 2045 to Sept. 15, 2070.
Ron Matthew, chief executive of the Airport Authority, told the council that the extension is necessary to secure two pending private investments into the airport: Atlantic Aviation (about $42 million in…
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