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Aug 1, 2022 · FAA Response. Airport sponsors that have accepted FAA grants or deeds of Federal surplus property are obligated to use dedicated aviation facilities for aeronautical use. If hangars are not reserved for aeronautical use, Federal airport grant funds could inadvertently subsidize non-aeronautical users, and aeronautical users could be denied access to needed airport facilities.
May 16, 2019 · That hangar reversion is required for privately owned improvements (hangars) that exceed 50 years of age. That a new lease may not be issued to a private hangar owner when the asset is over 50 years of age. For example, California S.B.654, signed into law in 2023, supports this notion. AOPA published an article detailing the bill and supporting ...
Apr 28, 2022 · You may own the hangar and lease the airport property beneath the hangar, you may lease both the hangar and the land beneath it, or you may simply lease space within a hangar that is owned/leased by a third-party. And the terms of your hangar lease will depend upon your specific leasing arrangement. In order to protect you and your aircraft ...
These hangars will also range from 4,000 to 12,000 square feet and will be available for lease or purchase but not for operating an airport business. Ascend Development is investing $100 million in a new prepaid-lease hangar complex at Stewart International Airport, north of New York City.
The Cities own four hangar buildings that were originally built between 1965 – 1977, ranging from 45 – 58 years in age. The four buildings contain 57 usable hangar units with 64,500 square feet of storage space and are currently managed and maintained by the Airport/Cities. These units are rented on a month-to-month basis to owners of small ...
Jun 9, 2021 · The results of the Airport Support Network survey indicated that 71 percent of the airports surveyed have a waiting list for their hangars, and at those airports with a waiting list, 72 percent of aircraft owners waited from six months to more than two years. When the wait is over, the available hangar may not be in the desired condition.
Mar 1, 2019 · If you’re thinking of building or buying a hangar at a public airport, carefully consider the terms of your ground lease for the land beneath it. Aircraft owners have spent tens, or even hundreds, of thousands of dollars for a hangar—only to later learn that their ground lease was expiring and would not be renewed, and the airport would assume ownership of the hangar at the end of the lease.
