Northwest Regional Airport Authority Finance Committee Agenda April 2026
LAZ submits leading proposal for airport parking
Trusted by teams at
Description
LAZ has proposed a five‑year parking facilities management contract for Cherry Capital Airport with Year 1 gross revenue projected at $6.51 million and a $225,000 management fee. The proposal includes TIBA PARCs upgrades, defined shuttle service, and staffing, and received one of the highest preliminary evaluation scores.
Contract Details
Contract Amount
$6,510,109 annual gross revenue; $225,000 Year 1 management fee
Vendor
LAZ
Agency
Traverse City Airport Commission, MI
Contract Type
OTHER
Document Date
April 23, 2026
Contract Term
5-year proposed term (Years 1–5 fees listed)
Renewal Info
Proposal outlines management fee escalations over a five‑year term but does not specify renewal options beyond Year 5.
More from LAZ
Related Contracts
Wilkes-Barre Parking Authority Board of Directors Meeting Agenda May 2026
ONGOINGNorwalk Parking Authority Regular Meeting Agenda April 2026
ONGOINGNorwalk Parking Authority Regular Meeting Agenda April 2026
ONGOINGCity of Norwalk Parking Authority Regular Meeting Agenda Feb 2026
ONGOINGWillimantic Taxing District Board of Directors Meeting Minutes January 2026
DISCUSSEDMore from Traverse City Airport Commission
Northwest Regional Airport Authority Agenda Packet 2026-05-26
Northwest Regional Airport Authority Agenda Packet 2026-05-26
Northwest Regional Airport Authority Agenda Packet 2026-05-26
Northwest Regional Airport Authority Agenda Packet 2026-05-26
Northwest Regional Airport Authority Agenda Regular Meeting 2026-05-26
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.