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Committee recommends new airport leases for American Airlines and American Express club

San Francisco Board of Supervisors Budget and Finance Committee · October 9, 2013

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

The Budget & Finance Committee recommended two San Francisco Airport lease resolutions: a three‑year lease with American Airlines for hangar and parking space that raises annual rent roughly 12.5%, and a 10‑year Terminal 3 common‑use club lease with American Express with an amendment excluding a $600,000 elevator/stairwell cost from minimum tenant investment.

The committee recommended two airport lease packages to the full Board. Airport staff described a proposed three‑year lease with American Airlines for hangar, shop and parking space that would bring first‑year rent to about $4.36 million (roughly a 12.5% increase over 2012–13). Budget staff supported…

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