Reno-Tahoe Airport Authority Board of Trustees Regular Meeting Agenda Packet 2026-06-11
Fifty-Year Lease to Stellar Aviation Approved for GA Campus
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Description
RTAA approved proceeding with final terms for a 50-year ground lease to Stellar Aviation of Reno-Tahoe, LLC for Phase II general aviation campus development on 8 acres. The minimum contract value is pending appraisal, and Stellar will advance hangars and related improvements.
Contract Details
Contract Amount
Minimum contract value to be determined via appraisal
Vendor
STELLAR AVIATION OF RENO-TAHOE LLC
Agency
Reno-Tahoe Airport Authority, NV
Contract Type
FACILITIES
Document Date
June 11, 2026
Contract Term
50 years from execution
Renewal Date
2076-06-30
Renewal Info
First phase lease executed in 2021 with amendments; this is a new 50-year ground lease for Phase II. Includes milestone and incentive clauses for commencement and rent.
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