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Airport seeks retroactive lease amendments to ease losses during Boarding Area E renovation
Summary
Airport staff asked the Budget & Finance Committee to approve retroactive amendments to six concession leases to partially waive minimum guarantees and fees while Boarding Area E is renovated; staff estimate revenue loss of about $470,000 but said losses likely to be recouped elsewhere in the airport.
The San Francisco Airport asked the Budget and Finance Committee on July 12 to approve two resolutions to retroactively amend six concession leases after temporary closure of boarding area E.
Kathy Widener, representing the airport, said renovation work will upgrade facilities, allow seismic retrofit and expand concession space but requires closing most of the pier. She said most affected tenants can continue…
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