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Committee advances SFO lease amendment to add sporting-event advertising with percentage rent
Summary
The committee voted 3–0 to forward an amendment to SFO's airport advertising lease with Clear Channel that adds locations for large sporting events and a 65% percentage rent split for those spaces; staff estimated about $1.3M in revenue over two years.
The Budget & Finance Committee unanimously forwarded an SFO-requested amendment to its airport advertising lease with Clear Channel. The amendment would add advertising premises intended for promotion of major sporting events (e.g., Super Bowl, FIFA World Cup) and establish a percentage rent structure for those locations, with 65% of gross…
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