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Airport staff report on purchase of off‑airport administration building near Palm Springs Airport
Summary
Staff briefed commissioners on an agreement to buy office property (packet refers to 550 Po Thoretta), negotiated below appraised value (~$1.7M vs $1.9M appraisal), ongoing 60‑day due diligence and plans to relocate ~20 employees; council approval will be required.
Assistant Airport Director Victoria Carpenter told commissioners the airport is under contract to acquire a nearby office property (listed in the packet as 550 Po Thoretta) intended to house airport administrative staff. An appraisal returned about $1.9 million; staff reported a negotiated price of roughly $1.7 million and said the purchase will use a mix of aviation fuel tax (Measure D) and airport funds per a prior…
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