Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board consents to sale of Fort Pierce FBO to Bain Capital affiliate, approves amended action plan
Summary
The board approved a consent resolution allowing BC Flex Midco LLC (a Bain Capital Real Estate affiliate) to acquire APP Properties Inc. as the airport's FBO, subject to a county lessor's consent and an amended action plan focusing on derelict aircraft removal and repairs to Hangar 3780; earlier confusion over an outdated action‑plan draft was corrected on the record.
The St. Lucie County Board of County Commissioners voted to consent to the assignment/merger that places APP Properties Inc. under BC Flex Midco LLC, an affiliate of Bain Capital Real Estate, and authorized the chair to sign the county lessor’s consent as approved by the county attorney. County staff said the buyer plans capital investment to improve hangars, build additional hangars and enhance FBO infrastructure.
Staff described a "cure" or action plan attached to the consent that identifies items the buyer or operator must address. County staff and airport leadership emphasized three primary…
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
