Description
The Floyd County Board of Commissioners is seeking proposals from qualified parties interested in leasing a newly constructed Corporate Hangar at Richard B. Russell Airport. The successful respondent may be chosen to enter a long-term lease for the hangar. The proposal should include identification information, a detailed description of the intended use for the hangar, and a proposed business plan. The evaluation criteria include understanding of the airport's goal, investment into the property, lease rate and term, and the use of ancillary services.
• The hangar is a newly constructed facility with 84’x80’ hangar bay and 74’x24’ single-panel hydraulic hangar door.
• The leasehold includes 2,400 sq. ft of office space, 6,720 sq. ft. of hangar space, and up to 2,600 sq. ft. of paved auto parking.
• The airport has a based aircraft population of approximately 100 aircraft and averages 37,000 operations per year.
• The proposal should address the evaluation criteria and include a detailed description of the business plan for the hangar.
• The lease rate and term will be negotiable based on the chosen proposal and the capital investment the proposer will commit.