New Long-Term Hangar Lease Planned with Simon Hangar LLC

The Indianapolis Airport Authority is set to approve a new Land and Building Lease Agreement with Simon Hangar, LLC for a corporate hangar at 3050 S. High School Road. The lease runs from July 1, 2026 through June 30, 2031 with three optional five-year renewals and annual rent of $384,652 during the primary term.

Scope & details

The full contract record, as filed.

Contract amount

$384,652 annually during initial five-year term

Contract type

FACILITIES

Contract term

July 1, 2026 – June 30, 2031, with three five-year renewal terms possible through June 30, 2046

Renewal date

2031-06-30

Renewal

Three optional five-year renewal terms with rent adjustments based on CPI for each renewal period, capped at 13%.

Document type

AgendaPacket

Source document

Indianapolis Airport Authority AgendaPacket Board Meeting 2026-06-26

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Indianapolis Airport Authority?

Simon Hangar Llc was awarded this facilities contract by Indianapolis Airport Authority, as recorded on June 26, 2026. The contract value is $384,652 annually during initial five-year term.

How much is the Simon Hangar Llc contract with Indianapolis Airport Authority worth?

The Simon Hangar Llc contract with Indianapolis Airport Authority is valued at $384,652 annually during initial five-year term, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Indianapolis Airport Authority AgendaPacket Board Meeting 2026-06-26 (AgendaPacket), dated June 26, 2026 from Indianapolis Airport Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Simon Hangar Llc hold?

Simon Hangar Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Indianapolis Airport Authority currently buying?

Explore Indianapolis Airport Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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