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Airport board approves Comlux hangar lease, foreign-trade zone sponsorship for GE and takes procedural actions

5032758 · June 20, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

At its meeting the board approved a three-year lease with Comlux Realty for IMC Hangar 1B, approved a grantee-sponsorship letter for GE Aerospace's Lafayette foreign-trade zone application, approved minutes of a prior meeting and introduced the 2026 budget ordinance for later consideration.

The Indianapolis Airport Authority board approved several routine and commercial items during its meeting, including a short-term lease for IMC Hangar 1B, a grantee-sponsorship letter for GE Aerospace's foreign-trade zone application in Lafayette, approval of prior meeting minutes and the introduction of the 2026 budget ordinance for later presentation.

Comlux Realty LLC

The board approved a three-year lease with Comlux Realty LLC for IMC Hangar 1B covering Sept. 1, 2025, through Aug. 31, 2028. The lease covers 55,120 square feet at an annual rental of $661,440 ($12 per square foot). Staff…

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