County moves forward with purchasing Sheridan Airport amid tenant agreement concerns

Hamilton County Airport Authority is poised to make significant strides in its operations following a recent meeting on May 14, 2025. The most impactful decision discussed was the anticipated purchase of Sheridan Airport by the county, which is expected to enhance local aviation services and management.

The plan involves transferring ownership of the airport to the authority, with environmental assessments already completed and title work underway. Officials expect to receive crucial information regarding existing tenant agreements within the next ten days, which will facilitate the closing process. The purchase price is set at $4.2 million, with an additional $300,000 allocated for transitional expenses, ensuring a smooth handover of operations.

Brad, a key participant in the discussions, highlighted the need for clarity on tenant agreements and management responsibilities post-acquisition. The authority aims to ensure that existing tenants are not locked into long-term leases that could complicate future management decisions. This proactive approach is intended to maintain operational flexibility and address any potential issues that may arise with current tenants.

In addition to the airport acquisition, the meeting also touched on a proposal to lease land for manufacturing airport equipment parts. However, the authority expressed concerns about the viability of such an arrangement, emphasizing that property tax exemptions are limited to aviation-related activities.

The meeting concluded with the approval of a new house lease for an employee of Jet Access, reflecting ongoing efforts to maintain a presence on-site for operational oversight. The lease terms were adjusted to align with a calendar year, ensuring consistency in management.

Looking ahead, the authority plans to engage with current tenants to understand their needs and concerns better, fostering a collaborative environment as they transition into ownership of Sheridan Airport. The next meeting is scheduled for June 11, where further updates on the acquisition and operational strategies are expected to be discussed.