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Airport seeks retroactive lease extension and acreage reduction in United Airlines Plot 6 modification

San Francisco Board of Supervisors Budget and Finance Committee · January 4, 2012

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Summary

SFO requested committee approval of Modification No.1 to United Airlines' ground lease (Plot 6) to extend the term retroactively, reduce premises by ~3.5 acres and adjust rent; the BAO said the net effect (with subleases/permits) could increase airport revenue by about $1.1 million annually; item was forwarded with recommendation.

Airport staff asked the Budget and Finance Committee to approve a negotiated modification to the ground lease with United Airlines for Plot 6, which includes Buildings 575 and 585 adjacent to the international terminal.

Kathy Weidner told the committee modification No.1 would reduce United's leased area from about 16.04 acres to…

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