In what has become the final agreement, the lease is no longer a 25-year arrangement, but rather a three-year deal with a 25-year extension. The lease had been in negotiation in part because it was contingent on a bond issue that would finance improvements to the facility. The bond issue passed, giving ity officials the option of spending more than $110 million for capital improvements at the facility. If the bond issue and the improvements cannot be put into motion within the three year lease, however, TWA will have another year to consider other options.
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