Request for Proposal: Lease for an existing corporate aircraft hangar

Description

Portland Airport Authority of Portland, Tennessee Request for Proposal (RFP) Download Proposal Form: https://www.cityofportlandtn.gov/DocumentCenter/View/1657/Hanger-RFP Issue Date: AUGUST 24,2026 City of Portland 100 S. Russell St Portland, TN 37148 Attn: Rachel Slusser, Finance Director Invitation The Portland Airport Authority of Portland, Tennessee ("Authority") is soliciting sealed proposals from qualified individuals, businesses, corporations, or other entities interested in entering into a lease for an existing corporate aircraft hangar located at the Portland Municipal Airport. The Authority seeks a qualified tenant that will make appropriate aviation-related use of the facility, maintain the leased premises in a professional manner, comply with all applicable airport requirements, and contribute to the continued operation and development of the Portland Municipal Airport. This Request for Proposals ("RFP") describes the property being offered, minimum qualifications, proposed lease requirements, insurance requirements, proposal submission procedures, and criteria the Authority may use in evaluating proposals. Property and Hangar Description The facility includes an approximately 8,000-square-foot box hangar, measuring approximately 80 feet wide by 100 feet long. The hangar is equipped with a bi-fold aircraft door approximately 60 feet wide by 19 feet high. The facility also includes approximately 500 square feet of office space, together with separate men's and women's restroom facilities. The facility will be leased in its existing condition unless otherwise specifically agreed to by the Authority in the final lease. Proposers are encouraged to inspect the property before submitting a proposal and to independently determine whether the hangar, aircraft door clearance, office space, restroom facilities, and associated premises are suitable for their intended aircraft and operations. Permitted Uses The Tenant covenants and agree that the Leased Premises shall be used solely for lawful airport-related purposes, including aircraft storage, flight school operations, aircraft maintenance, and other aviation or airport-related activities approved by the Authority. The Leased Premises shall not be used for aircraft painting operations or as a primary living residence on Airport property.