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Airport asks supervisors to approve lease amendments for tenants displaced by Boarding Area E demolition
Summary
San Francisco International Airport seeks Board approval to amend four concession leases affected by Boarding Area E demolition, including buyouts of remaining tenant investments (~$905,000 total), replacement premises in the new boarding area and waiver of minimum guarantees until reopening. The budget analyst recommended approval; the committee forwarded the resolution.
San Francisco International Airport staff asked the Budget and Finance Subcommittee to approve a second amendment to four domestic-terminal concession leases affected by demolition of Boarding Area E.
Kathy Widener, representing the Airport, told the committee the project expanded beyond a straight seismic upgrade into a redesign that requires demolition, relocation and reconstruction of tenant premises.…
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