Airport Approves 10-Year TSA Lease Agreement
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Description
The Nantucket Memorial Airport Commission approved a ten-year lease with the U.S. General Services Administration for TSA office space starting June 1, 2026, at $40,205 per year with 3% annual increases. The agreement includes a five-year renewal option and a relocation clause to accommodate terminal optimization.
Contract Details
Contract Amount
$40,205 annually with 3% annual increases
Vendor
UNITED STATES OF AMERICA GENERAL SERVICES ADMINISTRATION
Agency
Nantucket Regional Transit Authority, MA
Contract Type
FACILITIES
Document Date
April 14, 2026
Contract Term
Ten (10) year TSA lease commencing June 1, 2026, with a five (5) year renewal option
Renewal Date
2041-05-31
Renewal Info
Initial ten-year term beginning June 1, 2026, with one five-year renewal option; lease contains a relocation clause allowing the Airport to relocate TSA to comparable space as needed for airport development.
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