City recommends lease of Lynchburg Regional Airport Hangar 12 to Bonaire Brokerage
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Summary
Airport staff recommended awarding a 5‑year lease for Hangar 12 (12,000 sq ft) to Bonaire Brokerage LLC with a starting rent of $13,500/month and annual escalators; recommendation goes to a public hearing at the council meeting that evening.
Airport staff briefed the committee on a recommended lease for Hangar 12 at Lynchburg Regional Airport following an RFP process.
"The space that we're recommending for lease is a hangar... we're calling it Hangar 12," the airport presenter said, describing a roughly 12,000‑square‑foot hangar with associated office space. Two proposals were received; the RFP committee recommended Bonaire Brokerage LLC. The proposed lease term is five years with starting rent of $13,500 per month and annual escalators, and DavisAir is listed as a guarantor on the lease.
Staff noted the incumbent tenant has asked to terminate its contract and that the recommended award will be presented to council in a public hearing that evening for final approval.
The committee did not vote during the work session because the item is set for public hearing on the council docket.