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Airport authority approves lease with new tenant - Dothan Eagle: News

Airport authority approves lease with new tenant

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Posted: Friday, April 5, 2013 9:06 am | Updated: 12:44 pm, Fri Apr 5, 2013.

Four members of the Dothan Airport Authority gathered Friday morning to approve a lease and incentives for a new tenant at the airport to replace Pemco, which closed last year.

Airport Authority Chairman Charles Nailen said the announcement of the new tenant comes a year to the day of when Pemco filed for bankruptcy. The long-time aircraft maintenance company closed in late 2012.

The lease agreement, which includes some of the property formerly occupied by Pemco, also includes 30 hours a week of air traffic control services.

The airport authority also approved a construction contract in excess of $13 million to do work on the property.

To help pay for some of this, the authority will receive $7,565,000 in an industrial development grant. The rest of the money needed for the construction will come through $6 million in tax exempt bonds.

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