Jack, I think Fresno did something like that with some open land under a very long term lease that remained undeveloped as the expiration of that lease neared. This was probably 5 or so years ago.
From: help-owner@xxxxxxxxxxxxxxxxxxxxxx [mailto:help-owner@xxxxxxxxxxxxxxxxxxxxxx] On Behalf Of Jack Gotcher
We have been presented with an offer to purchase two existing leases on the airport. This would in effect be an assignment of management of the existing lease to a company for the expected value of the existing term of the lease. FAA indicates that there is no conflict with FAA Grant Assurances.
1- Does anyone have experience with such a business deal
2- Does anyone have an example assignment document that we could use to complete this deal.
661 391 1817