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Budget committee recommends six 10‑year airline leases at SFO, notes revenue estimate and rent adjustments
Summary
The Budget and Finance Committee recommended that the full Board approve six 10‑year airline leases and modifications to two existing leases at San Francisco International Airport, projecting roughly $356 million in revenues over the term and noting specific rent reductions tied to modified leases.
The San Francisco County Budget and Finance Committee, chaired by Supervisor John Avalos, recommended that the Board of Supervisors approve six 10‑year airline lease and use agreements for San Francisco International Airport and modifications to two existing leases that would change terminal footprints and rental terms. The clerk noted the items will be placed on the Board agenda on 10/26/2010.
Kathy Widener of the San Francisco Airport told the committee the lease terms mirror an earlier package the Board…
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