Metropolitan Nashville Airport Authority Joint Meeting Agenda Packet May 2026
Reimbursable Admiral’s Club Agreement with American Airlines
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Description
The Board is requested to approve a reimbursable Letter of Agreement with American Airlines to fund construction of an expanded Admiral’s Club and administrative space in the new Concourse A, with MNAA investing up to $17.76 million and American repaying about $16.34 million plus interest over ten years. The deal secures long-term leasing of 17,300 sq ft of enclosed space plus terraces and balconies at BNA.
Contract Details
Contract Amount
Not-to-exceed $17,760,000 construction value; American to reimburse approximately $16,344,513 over ten years at 5% interest
Vendor
AMERICAN AIRLINES INC
Agency
Metropolitan Nashville Airport Authority, TN
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Contract Term
Reimbursement over 10 years beginning at beneficial occupancy or 12 months after site access
Renewal Info
Payments will continue for ten years regardless of AULA expiration; MNAA grants a right of first refusal on the club space until the loan is repaid.
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