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Council approves lease amendment allowing restaurant at Torrance Airport hangar, extends lease term
Summary
The council adopted a resolution approving a lease amendment with Torrance Fly Park LLC that reintroduces restaurant use in a hangar, allows personal storage within 30 hangars and extends the lease by 14 years; staff said a fair‑market rent adjustment will occur during the extension period.
The Torrance City Council unanimously adopted a resolution approving the Fourth Amendment to the amended and restated lease with Torrance Fly Park LLC, permitting restaurant use within an existing hangar, allowing personal storage uses in up to 30 hangars and extending the lease term by 14 years.
Carlos Weizar, management associate in the city manager’s office, presented the amendment and said the restaurant would be an extension of an existing hangar at the eastmost portion of the leasehold adjacent to the general aviation center. The amendment also allows personal storage use within 30 hangars and includes a 14‑year extension during which the lease will include a fair‑market adjustment to update rent to reflect current conditions.
Following the presentation, the council adopted Resolution No. 2025‑26, a staff recommendation that certain city‑owned property is not required for city purposes and that leasing the property is in the public interest. The motion to adopt the resolution carried unanimously.
The amendment is intended to enable new uses on the leasehold while preserving the city's ability to recover revenue through periodic market adjustments during the extended term. Staff said it would be available to answer questions from the council and the public as implementation proceeds.
