Reno-Tahoe International Airport looking for developers

Hotel News - 22/03/2010

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Reno-Tahoe International Airport has promised to boost the region’s economy as they look for lucrative new development partners on the empty sites around the airport. One of the latest developers to come to the airport was the Dassault Aircraft Services Corporation. It came about a year ago and is said to have provided the locality with a much-needed increase in jobs.

Partnerships like these are also said to be good for visiting airline passengers, as the extra rents generated from developers helps keep landing charges to a minimum. Airlines often also choose airports with low landing fees when deciding where to extend their service to. This would also help to give Reno both a business and tourism boost.

Vacancy rates for office, industrial and distribution properties in the region are at an all time high, but the Reno-Tahoe Airport Authority say they are still being fussy about who they allow to develop, while they wait for the market to turn. Corporate site-location consultants and commercial real estate brokers have been brought in to discuss potential projects for the first stage of development on the 93-acre site.

The land around the airport will not be sold and proposals for projects will only be accepted for 25 – 50 year leases. The Airport Authority plans to stick to their guns when it comes to the type for developers they choose and say they are most interested in aviation-related businesses.

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