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Council consolidates Lincoln Skyways ground leases and approves hangar expansion parcel

City of Lincoln City Council / Lincoln Redevelopment Successor Agency / Lincoln Public Financing Authority · March 26, 2024
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Summary

Council approved consolidating five ground leases for Lincoln Skyways (BPM Rentals) and authorized a new ground lease for a hangar expansion adjacent to the airport ramp; operator Byron said the expansion supports maintenance, inspections and fuel sales that benefit airport activity.

Council approved a resolution March 26 authorizing the city manager to execute a consolidated ground lease with BPM Rentals/Lincoln Skyways that combines four existing leases and adds a new parcel for a proposed hangar expansion on the north end of Flight Line Drive.

Staff said consolidation simplifies lease administration and enables the operator—Byron, who acquired Lincoln Skyways in 2013—to plan and invest for growth. The new leased area is roughly 200 by 200 feet adjacent to the operator’s existing ramp and will allow expansion of maintenance, avionics and other services that staff said have made Lincoln a growing maintenance hub. Byron described recent activity—planes arriving from other states for inspections and maintenance—and said expanded hangar space would allow the business to continue attracting out‑of‑town work that supports hotel, restaurant and ground transportation business in Lincoln.

Council approved the consolidation and the new lease by roll call; staff said lease details were negotiated to balance airport revenue and long‑term stewardship objectives. The action was framed as supporting the airport’s strategic goal to grow fuel sales and on‑field economic activity, rather than as a direct general‑fund revenue source.