New Ground Lease Proposed for Red River Aviation
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Description
The Shreveport Airport Authority considered approval of a new non-commercial ground lease with Red River Aviation, LLC for Lot 54 at Shreveport Downtown Airport, establishing a 10-year primary term from May 1, 2026 at $1,093.23 per year with two optional 10-year extensions. The lease will support a personally used hangar.
Contract Details
Contract Amount
$1,093.23 per year
Vendor
RED RIVER AVIATION LLC
Agency
Shreveport Airport Authority, LA
Contract Type
FACILITIES
Document Date
April 16, 2026
Contract Term
Primary ten (10) year term May 1, 2026 – April 30, 2036 with two additional ten (10) year options
Renewal Date
2036-04-30
Renewal Info
Includes two ten-year extension options beyond the primary term, for a potential total term of 30 years through April 30, 2056.
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