FACILITIESAPPROVED

Nantucket Memorial Airport Commission Meeting Agenda May 2026

Airport Approves Revised TSA Lease With Annual Escalation

$40,205 annually, with 3% annual increasesNantucket CountyUNITED STATES OF AMERICA GENERAL SERVICES ADMINISTRATIONMay 12, 2026

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Description

The Airport Commission approved a revised 10‑year TSA lease through the U.S. General Services Administration starting June 1, 2026, at $40,205 with 3% annual increases and a five‑year renewal option. The agreement includes a relocation clause to accommodate future terminal optimization.

Contract Details

Contract Amount

$40,205 annually, with 3% annual increases

Vendor

UNITED STATES OF AMERICA GENERAL SERVICES ADMINISTRATION

Agency

Nantucket County, MA

Contract Type

FACILITIES

Document Date

May 12, 2026

Contract Term

Ten (10) year TSA lease commencing June 1, 2026, with 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; rent escalates 3% annually during the base term. Relocation clause allows TSA to be moved to new terminal space.

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