Metropolitan Nashville Airport Authority Finance Committee AgendaPacket May 2026

Contract Amount

Not-to-exceed $17,760,000 construction value; MNAA-recognized value $5,139,200; estimated principal loan amount $12,620,800; estimated loan payoff $16,344,513 over 10 years

Vendor

AMERICAN AIRLINES INC

Agency

Metropolitan Nashville Airport Authority, TN

Contract Type

FACILITIES

Document Date

May 13, 2026

Contract Term

Loan amortized over 10 years; lease of 17,300 sq ft plus terraces/balconies commencing at beneficial occupancy (estimated 2028) and subject to current AULA term through June 30, 2031 or June 30, 2033 if extended; loan payments continue full 10 years regardless of AULA expiration

Renewal Info

Loan obligation continues for 10 years even if the current AULA expires or is replaced; MNAA grants American a right of first refusal for the space until the loan is fully repaid. Space rents adjust annually based on the Signatory Terminal Rental Rate.