The City of Show Low is soliciting proposals from interested parties for a ground lease at the Show Low Airport for the purpose of constructing aircraft hangers. The project shall take place at the Show Low Airport on the Private Hangar Development Area. The offeror’s proposal shall include a map or sketch showing the proposed leased area, any proposed infrastructure, a description of the hangar construction type, the intended aircraft type, and a cost proposal for lease terms. The City may elect to award multiple leases. Show Low Airport standard lease terms are an initial 25-year term with extensions to a maximum 49 term years. Current lease rates start at $0.353 per square foot per year with annual CPI adjustments.
