Airport Holds TSA Office Lease Over Rent Escalation Concerns
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Description
The Nantucket Memorial Airport Commission reviewed but held a proposed 10‑year, $40,205 TSA lease for office and training space, citing concerns over the absence of rent escalation. Staff will gather comparative data from other airports and clarify negotiation options before the Commission takes further action.
Contract Details
Contract Amount
$40,205
Vendor
UNITED STATES OF AMERICA GENERAL SERVICES ADMINISTRATION TSA
Agency
Nantucket County, MA
Contract Type
FACILITIES
Document Date
May 12, 2026
Contract Term
Commencing June 1, 2026, with a Ten (10) Year Term and a Five (5) Year Renewal Option
Renewal Date
2041-05-31
Renewal Info
Includes a five (5) year renewal option beyond the initial ten (10) year term; escalation terms are under reconsideration.
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