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Lynchburg staff correct airport lease dates and warn parking rate cuts could erase surplus
Summary
City staff brought a corrected lease resolution for Lynchburg Regional Airport and discussed parking operations and revenue as a local match source for airfield projects. Director Cedric Simon said a $1-per-night parking cut would reduce airport revenue by roughly $76,000'$78,000, potentially eliminating a narrow projected FY26 surplus.
Cedric Simon, airport director, told the finance committee that corrected resolutions for leases with Freedom Aviation and Davis Air change a published lease end date from 2030 to 2031 and will be taken to tonight's full council meeting for final action. "There was a mistake in the resolution as it went out," Simon said, and the packet before the committee contains the corrected date.
Simon then briefed councilors on parking operations at Lynchburg Regional Airport. He said the airport uses Reimagine Parking for daily…
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