Clear Channel Airports Secures Advertising Concession
Gerald R. Ford International Airport AuthorityAirport Authority · Grand Rapids, MI- Disclosed value
- $350,000 capital investment; $100,000 minimum annual guarantee; $1,869,762 projected payment to GFIAA
- From minutes
- Approved
- Feb 19, 2020
- Term
- 5-year base term with one 5-year option
The 30-second brief
The Finance and Legislative Committee authorized the President and CEO of the Gerald R. Ford International Airport Authority to enter into a 5‑year Advertising Concessions Agreement with Clear Channel Airports, with a 5‑year option. Clear Channel will invest nearly $350,000, provide a $100,000 annual guarantee, and share 45% of revenues, generating a projected $1.87 million to the Authority over the full term.
Clear Channel Airports holds this contract with Gerald R. Ford International Airport Authority. Its other public contracts on record include work for Cameron County and Bismarck-Mandan MPO.
Term as filed: 5-year base term with one 5-year option.
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Contract details
- Amount
- $350,000 capital investment; $100,000 minimum annual guarantee; $1,869,762 projected payment to GFIAA
- Document date
- February 19, 2020
- Term
- 5-year base term with one 5-year option
- Vendor
- Clear Channel Airports
- Source document
- finance_and_legislative_committee_minutes_feb_2020.pdf (Minutes)
Clear Channel Airports's other public contracts
More Gerald R. Ford International Airport Authority contracts
Questions about this contract
Who was awarded the government contract by Gerald R. Ford International Airport Authority?
Clear Channel Airports was awarded this government contract by Gerald R. Ford International Airport Authority, as recorded on February 19, 2020. The contract value is $350,000 capital investment; $100,000 minimum annual guarantee; $1,869,762 projected payment to GFIAA.
How much is the Clear Channel Airports contract with Gerald R. Ford International Airport Authority worth?
The Clear Channel Airports contract with Gerald R. Ford International Airport Authority is valued at $350,000 capital investment; $100,000 minimum annual guarantee; $1,869,762 projected payment to GFIAA.
What type of contract is this?
This is a government contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in finance_and_legislative_committee_minutes_feb_2020.pdf (Minutes), dated February 19, 2020 from Gerald R. Ford International Airport Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Clear Channel Airports hold?
Clear Channel Airports may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Gerald R. Ford International Airport Authority currently buying?
Explore Gerald R. Ford International Airport Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.