Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Airport commission approves $1.98/sq ft ground-lease addendum for 208 Aviation
Summary
The North Little Rock Airport Commission voted to add an addendum to 208 Aviation’s ground lease establishing a non-aeronautical rent of $1.98 per square foot for 3,042 sq ft of office space to align with FAA market-rent guidance.
The North Little Rock Airport Commission approved an addendum to the ground lease for 208 Aviation that sets the non-aeronautical ground rent at $1.98 per square foot for 3,042 square feet of office space.
Staff described the change as necessary to comply with Federal Aviation Administration guidance that non-aviation uses on airport land be charged market rent. "You all know that Chris Stewart and I have been here multiple times ... we are working on our lease now," a…
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
