SAN JOSE, CA—City officials cleared the runway for a corporatejet center at the Mineta San Jose InternationalAirport—a move that will mostly benefit executives withGoogle and other Silicon Valley techcompanies.
The city coucil voted 10-1 Tuesday night to approved a 50-yearlease agreement with Signature Flight Serviceswhich will build an $82 million facility on the west side of theairport, according to report in the San Jose Mercury News.The deal includes no curfew provisions, which had been discussedduring the approval process.
Several residents who live near the airport's flight path urgedthe council to reconsider the project by adding back the extracurfew provision, increasing the curfew violation fines, orreducing the length of the lease, the paper reported.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.