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Home AEC Ontario International Airport Authority Authorizes 55-Year Lease With USAA & McDonald Property Group to Redevelop Excess Land
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Ontario International Airport Authority Authorizes 55-Year Lease With USAA & McDonald Property Group to Redevelop Excess Land

December 27, 20214 Mins read375
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The Ontario International Airport Authority (OIAA) Commission voted unanimously today to authorize a Development and Entitlement Agreement that will lead to a ground lease for approximately 198 acres of surplus property at the Southern California airport. The 55-year lease will generate approximately $275 million over the first 10 years, which will support ongoing airport improvements while keeping costs down for airlines. The OIAA […]

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