Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Supervisors forward new airline lease deals at SFO, hailed for protecting service payments
Summary
The Budget & Finance Subcommittee forwarded resolutions approving new airline lease-and-use agreements at San Francisco International Airport that staff say protect an annual service payment projected at $323 million over 10 years and preserve residual cost‑center accounting; amendments were recommended to note lease forms on file with the Clerk.
The Budget and Finance Subcommittee on May 11 forwarded to the full Board of Supervisors two resolutions authorizing new and modified lease and use agreements at San Francisco International Airport meant to preserve city revenue and provide flexibility for airline space.
Director John Martin of the airport told the committee the negotiated 2011 lease package preserves the city—s residual cost‑center accounting system and adds an annual reallocation provision allowing the airport…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
