Set airport leasing policy
The recommendation by a consultant to the Grand Junction Regional Airport this week is sensible. The airport should establish “a clear, well-defined policy that is not subject to interpretation” regarding the leasing of hangars.
Unfortunately, such a policy is unlikely to satisfy some of the airport’s harshest critics because it would still leave the airport with long-term control of the property.
Consultant Michael A. Hodges told airport officials that any policy must make it clear all leases are for a set period of time, not to exceed 35 years, and at the end of the lease period, all land and improvements revert to the airport.
Last year, several tenants challenged Airport Manager Rex Tibbetts’ policy of claiming for the airport buildings and improvements at hangars when the lease term expires.
Stating that as a clear-cut policy may not satisfy critics, but at least it will remove any doubt about what they can expect.