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Committee approves airport lease terminations, foreign currency concession and amends baggage‑system contract
Summary
The committee forwarded four airport items: two lease terminations for spa concessions, approval of a foreign‑currency concession (ICE Currency Services USA) with a $1,000,000 minimum annual guarantee, and an amendment to the Boomer baggage‑system maintenance contract (NTE reduced in committee from $38M to $35M before forwarding).
Airport staff presented four items to the Budget and Finance Committee on Oct. 4. Kathy Wagner (San Francisco International Airport) said Express Spa and B Relax requested early lease terminations; staff recommended accepting those terminations for termination fees ($145,000 for Express Spa; approximately $125,000 balance for B Relax). The airport indicated concession staff believe the…
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