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Cleveland airport advisory board seeks city explanation after flat hangar rent increase
Summary
The Cleveland Airport Advisory Board pressed city leaders for a clearer explanation after City Council implemented a flat-dollar increase to hangar rents rather than the percentage-based increase the board recommended.
The Cleveland Airport Advisory Board pressed city leaders for a clearer explanation after City Council implemented a flat-dollar increase to hangar rents rather than the percentage-based increase the board recommended.
Board member Doug (board member) said the board had voted to recommend a percentage increase, limited to 5%, and to add contract language tying future increases to the Consumer Price Index. He told the board the city instead applied a flat-dollar increase and issued new tenant contracts that did not include the CPI language the board had requested. "It is my opinion that that was not fair and reasonable," Doug said, describing how lower-cost, older hangars saw about a 22%…
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