South Rock Ground Lease Recommended

RTAA recommended negotiating a 50-year ground lease with South Rock LLC for a four-acre site at Reno-Tahoe International Airport. The lease would generate at least $8,363,520 and support a new general aviation corporate aircraft facility.

Document date · September 8, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$8,363,520

Contract type

FACILITIES

Contract term

50 years

Renewal date

2076-09-10

Renewal

50-year ground lease with no extensions stated in the term sheet; annual CPI-U adjustments and FMV appraisal adjustments every 10 years. Rent commencement occurs upon certificate of occupancy or two years from commencement, whichever is earlier, with a possible extension tied to FAA NEPA approvals.

Document type

Agenda

Source document

Reno-Tahoe Airport Authority Agenda Board of Trustees Caucus Meeting 2026-09-08

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Reno-Tahoe Airport Authority?

South Rock Llc was awarded this facilities contract by Reno-Tahoe Airport Authority, as recorded on September 8, 2026. The contract value is $8,363,520.

How much is the South Rock Llc contract with Reno-Tahoe Airport Authority worth?

The South Rock Llc contract with Reno-Tahoe Airport Authority is valued at $8,363,520, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Reno-Tahoe Airport Authority Agenda Board of Trustees Caucus Meeting 2026-09-08 (Agenda), dated September 8, 2026 from Reno-Tahoe Airport Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does South Rock Llc hold?

South Rock Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View South Rock Llc's profile

What is Reno-Tahoe Airport Authority currently buying?

Explore Reno-Tahoe Airport Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Reno-Tahoe Airport Authority's profile