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Airport lease amendment would close one Terminal 1 Pete’s Coffee kiosk; MAG reduced
San Francisco Board of Supervisors Budget and Finance Subcommittee · May 15, 2013
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Summary
The subcommittee advanced an amendment reducing Gotham Enterprises’ leased space and minimum annual guarantee to close one Terminal 1 kiosk; the budget analyst said percentage rent historically exceeded the guarantee so airport revenue is not expected to be affected.
Kathy Weidner of the San Francisco International Airport asked the committee to approve an amendment to the airport’s lease with Gotham Enterprises LLC (doing business as Pete’s Coffee and Tea) to allow the tenant to close one underperforming Terminal 1…
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