You may not understand the situation. We're talking about leasing
ground, constructing a hangar and being able owning a hangar for 75 years,
or sell it to another person after say, 25 years. If you sold it after 25
years, you'd get a substantially higher price.
As it is now in many places, after 20-25 years the whole thing belongs
to the airport. You built the hangar but all you have left after 25 years
is the right to lease it from the airport.
With Rep. Pearce's bill, you get 75 years to amortize your investment.
You'd probably make money on the deal.
--Kent
From: "Kyle Boatright"
Representative Steve Pearce (R-NM) introduced a bill in March (HR1117)
to require that federally-assisted airports grant a 75 year lease to a
person willing to construct a hangar on the airport
I'd be very concerned if my only option was to sign a 75 year lease. 75
years is well beyond the remaining life expectancy of anyone who would have
the wherewithal to sign such a lease. It seems to make more sense to have a
20 year lease with successive 5 or 10 year renewal options.
KB
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