Patrick Leahy Burlington International Airport AgendaPacket Special Airport Commission Meeting 2026-06-23
Airport plans $26.5M lease with M&T Bank
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Description
The Patrick Leahy Burlington International Airport proposes a fifteen-year lease/finance agreement with M&T Bank for up to $26.5 million to fund construction and oversight of the Snow Removal Equipment (SRE) Building. Lease payments will be primarily supported by Passenger Facility Charges with the balance from the airfield operating budget.
Contract Details
Contract Amount
$25,651,955.63 with a 3.3% contingency for an amount up to $26,500,000
Vendor
M&T BANK
Agency
Burlington International Airport (City of Burlington, Department of Aviation), VT
Contract Type
FINANCIAL_SERVICES
Document Date
June 23, 2026
Contract Term
Fifteen-year lease/finance
Renewal Info
Fifteen-year lease/finance agreement; no renewal or extension terms described.
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EXTENDEDIssuing Agency
Burlington International Airport (City of Burlington, Department of Aviation)
Airport Authority
VT
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