Airport to hangar owners "Give us your hangar or pay to tear it down"

Posted June 11th, 2010 by Pilot_MKN
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The airport commission has proposed changing the rules for long-term leaseholders by reverting ownership of hangars (AKA stealing them) to the airport at the end of their lease term. Under new lease terms, tenants who built (and currently own) hangars on leased land could either turn ownership of the structures over to the airport (have property stolen) and renew the lease—at a much higher rental rate—or tear down the hangar at their own expense.

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