[{"_1":2,"_87":-5,"_88":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6553983,"mediaKeyId","5032758-1c20bbf1aff76abb8eb8afdb95e04c7d","parentId",5032758,"title","Airport board approves Comlux hangar lease, foreign-trade zone sponsorship for GE and takes procedural actions","audioSeconds",90,"startMs",735000,"endMs",825000,"viewUrl","/Search/View?dp=1&key=5032758-1c20bbf1aff76abb8eb8afdb95e04c7d&start=735&end=825","thumbnailUrl","https://assets.pipeline.soar.com/5032758-1c20bbf1aff76abb8eb8afdb95e04c7d/thumbnail_735000.jpg","articleUrl","/articles/6553983/Indianapolis-City/Marion-County/Indiana/Airport-board-approves-Comlux-hangar-lease-foreign-trade-zone-sponsorship-for-GE-and-takes-procedural-actions","mediaUrl","https://secure.pipeline.soar.com/6553983-14bf51f74e7227ddd4293e930d3c2d5e/orig.mp4?Expires=1771181345&Signature=Hf7fuWpeXqgiGNhKWuGrXGTb4w2pYOZ1eRKAGWsom8T7WrfLN1WrXx4j5ZOFueIyoxgkoxB0uMWaP0Dg7qxDTpJJOFilukm~Rx6iuhuA-g5rrtJdza0dsSY2jWgcmfNCXbWksH~06vRfQhcKM5iwjstR9A5cynmm-M60rCcZiSEDGIj-cM2B5mFyZ4VtAGqO3mphoMN~z6wS6F~945zMyeXXgS12tsk1ULRrmQPc9SqVSxaKXnoBQpPZP~wFwkHTyGz~8EJ-YN7Zs2ir0ppmYvwo0SIGVh5ukUv8xhkiY6GpYsQcn2m2gdryXqCOSpxQVY7Rwy44dVgkENhjq47XxA__&Key-Pair-Id=KUT5TJCACFTXG","author","City Council of Indianapolis, IN","date","2025-06-20T00:00:00Z","article","The Indianapolis Airport Authority board approved several routine and commercial items during its meeting, including a short-term lease for IMC Hangar 1B, a grantee-sponsorship letter for GE Aerospace's foreign-trade zone application in Lafayette, approval of prior meeting minutes and the introduction of the 2026 budget ordinance for later presentation.

Comlux Realty LLC

The board approved a three-year lease with Comlux Realty LLC for IMC Hangar 1B covering Sept. 1, 2025, through Aug. 31, 2028. The lease covers 55,120 square feet at an annual rental of $661,440 ($12 per square foot). Staff estimated infrastructure and basic utilities costs at about $130,000 per year, leaving a net estimated income of about $530,000 per year under the short-term lease. The presenter said Comlux, an aircraft completion and service center that has been a partner at the airport since 2009, sought space because its east-side wide-body hangar is full and it will begin deliveries in September. The motion to approve the lease passed by roll call.

Foreign-trade zone sponsorship for GE Aerospace

The board approved issuance of a grantee-sponsorship letter to facilitate GE Aerospace's access to the federal foreign-trade zone program for a facility in Lafayette. Staff said the Lafayette facility consists of two buildings totaling over 240,000 square feet on an approximately 50-acre campus, employs about 200 GE staff and 100 contractors, and has an annual payroll in excess of $29,000,000. Under the authority's fee schedule, the grantee fees would be $3,500 per month ($42,000 annually). The motion to approve the sponsorship letter and related agreement passed by roll call.

Procedural items

The board approved the minutes from the May 16, 2025 meeting by voice/roll-call vote. Staff also introduced the 2026 budget ordinance as an introductory item; staff said that presentation will occur next month and final approval is scheduled for the August meeting. No final action was taken on the budget ordinance at this meeting.

Staff reports and other business

Staff recognized quarterly core-value award winners and noted recent activity at the airport, including the groundbreaking for the Indianapolis Airport Westin Hotel. The authority also introduced a short reuse study of the IMC (the International Maintenance Center) to examine potential longer-term reuse options for that facility; staff said that review is ongoing.","mediaType","Video","parentTitle","City Council of Indianapolis, IN - Indianapolis Airport Authority Board - Jun 20, 2025","oneSentenceSummary","At its meeting the board approved a three-year lease with Comlux Realty for IMC Hangar 1B, approved a grantee-sponsorship letter for GE Aerospace's Lafayette foreign-trade zone application, approved minutes of a prior meeting and introduced the 2026 budget ordinance for later consideration.","taxTitle","Indianapolis City, Marion County, Indiana","taxId",3627,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6553988,"Airport authority approves policy to preserve remaining land for aeronautical uses",340,116000,456000,"/Search/View?dp=1&key=5032758-1c20bbf1aff76abb8eb8afdb95e04c7d&start=116&end=456","https://assets.pipeline.soar.com/5032758-1c20bbf1aff76abb8eb8afdb95e04c7d/thumbnail_116000.jpg","/articles/6553988/Indianapolis-City/Marion-County/Indiana/Airport-authority-approves-policy-to-preserve-remaining-land-for-aeronautical-uses","https://secure.pipeline.soar.com/6553988-f1a0c0ce21df1832cd3ec7b9f8ef057a/orig.mp4?Expires=1771181345&Signature=BXPr~9rrcvjQur8KW~D6Zr70uJk2OQjoi1Ye3LaEjEcjTuUCXNU-ghO9XoJiZsiNNZDORmCiHImWJAW8L~HSo~LnUjKGQA95E-ezkw3QK~Y3DWIhv8SP~8tIex0kK8MfhhMK2~ZJW0OO87FXCjF~i2~kfAADFYFyJ8UVAo3qrNJsQ9-AF0peY6~cKqwV6emVRmMBWndkKVCEnHivf68YfERMN1ssjb-8HCNEmG~QsaDiZZfkdquh8T4aLe3DY86Yr7OcoVwsqAgfLK4wk~cQZ-xywgsYOab~uI2CRhw89oMN31aPmqztJVfXKEuSSG5oMXo-oB23Vdwl--drkL6QRA__&Key-Pair-Id=KUT5TJCACFTXG","The Indianapolis Airport Authority board approved a new aeronautical land use policy that designates the authority's remaining land holdings for aeronautical or aeronautical-support purposes and limits those parcels to leasing rather than sale.

Board staff presented the resolution as a repeal of a 2014 strategic land-use initiative and replacement with the new aeronautical policy. The presentation said the airport previously divested just under 2,900 acres and generated $82,000,000 in sale proceeds; some of those proceeds were restricted for FAA grant-eligible airfield projects and some were unrestricted. The presenter said the authority now retains about 6,250 acres to be preserved for aeronautical purposes and that less than 150 acres remain available for sale under the prior policy.

“This will designate this remaining land to be preserved exclusively for aeronautical or aeronautical support related purposes and will be available for leasing only,” the presenter said.

Under the new policy, any proposed deviation — for example, a real estate transaction seeking a non-aeronautical use — would require staff to bring the proposal before the board for discussion and approval. Board members asked for clarifications about parcels that were not contiguous to the primary airport property and whether some easements and noncontiguous holdings tied to future runway and utilities planning would be covered. Staff said those noncontiguous parcels related to easements for power lines and future runway development and that the policy was intended to protect land needed for potential future airfield expansion.

Duane Gibbs moved approval of Resolution 05-2025; Tom McClamrock seconded. The board approved the resolution by roll call.

The board’s presentation noted that proceeds from earlier land sales were used for infrastructure projects and a portion set aside for the development of the Indianapolis Airport Westin Hotel. The new policy aims to preserve airport-controlled land for future operational needs and expansion.

Board members did not identify additional conditions in the meeting; staff said any future request to sell or convert a parcel to a non-aeronautical use would return to the board for approval.","The Indianapolis Airport Authority board voted to repeal a 2014 land-divestiture resolution and adopt a new aeronautical land use policy that designates the authority's remaining acreage for aviation or aviation-support purposes and restricts future sales.","actionData","errors"]

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Airport board approves Comlux hangar lease, foreign-trade zone sponsorship for GE and takes procedural actions

Airport authority approves policy to preserve remaining land for aeronautical uses