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Developer proposes $90M in airport ground leases

Sanford Airport Authority logoSanford Airport Authority
Disclosed value
Over $90 million of investment capital (projected)
From minutes
Document date
Jun 2, 2026
Term
Proposed 50-year ground leases

The 30-second brief

What it covers

A specialized development company has issued three Letters of Intent for more than 45 acres at Sanford Airport. The proposals envision over $90 million in investment through 50-year ground leases.

Who holds it

DEVELOPMENT holds this facilities contract with Sanford Airport Authority. Its other public contracts on record include work for City of Carroll and Sangamon County.

What happens next

Term as filed: Proposed 50-year ground leases.

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Contract details

Contract type
Facilities
Amount
Over $90 million of investment capital (projected)
Document date
June 2, 2026
Term
Proposed 50-year ground leases
Vendor
DEVELOPMENT
Agency
Sanford Airport Authority
Source document
Sanford Airport Authority Minutes Regular Meeting 2026-06-02 (Minutes)

DEVELOPMENT's other public contracts

City of Carroll, Iowa704 Development Corp. TIF appropriations approved for FY 2027 · Nov 24, 2025UndisclosedSangamon County, IllinoisThe Development Corporation awarded $20K contract · Nov 10, 2025$20KCity of Carroll, IowaWater System Pressure Zone property purchase approved · Mar 10, 2025$250Kunspecified agency, OhioDepartment of Development Clean Coal R&D $6.06M FY2025-2026 · Feb 20, 2025$6.1Munspecified agency, OhioDepartment of Development Service Station Clean Up $2.61M FY2025-2026 · Feb 20, 2025$2.6MAll DEVELOPMENT contractsVendor profile

More Sanford Airport Authority contracts

Central Florida Bakery IncAirport Lease Addendum Considered for Central Florida Bakery · Oct 4, 2026UndisclosedBERMUDAIRBermudAir Into-Plane Agreement Considered · Oct 4, 2026UndisclosedBERMUDAIRBermudAir Non-Signatory Airline Agreement Considered · Oct 4, 2026UndisclosedBERMUDAIRBermudAir ACIP Agreement Considered · Oct 4, 2026UndisclosedMark ConstructionTerminal Repair Work Orders Approved for Mark Construction · Sep 1, 2026UndisclosedAll Sanford Airport Authority activityAgency profile

Questions about this contract

Who was awarded the facilities contract by Sanford Airport Authority?

DEVELOPMENT was awarded this facilities contract by Sanford Airport Authority, as recorded on June 2, 2026. The contract value is Over $90 million of investment capital (projected).

How much is the DEVELOPMENT contract with Sanford Airport Authority worth?

The DEVELOPMENT contract with Sanford Airport Authority is valued at Over $90 million of investment capital (projected), covering facilities work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Sanford Airport Authority Minutes Regular Meeting 2026-06-02 (Minutes), dated June 2, 2026 from Sanford Airport Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does DEVELOPMENT hold?

DEVELOPMENT 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 Sanford Airport Authority currently buying?

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

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