Lease Agreement ADA- 32351 IC Alaska Airport LLC at Ted Stevens Anchorage International Airport

NOTICE OF APPLICATION FOR LAND DEVELOPMENT LEASE: The State of Alaska, Department of Transportation and Public Facilities (DOT&PF), Ted Stevens Anchorage International Airport (Airport) proposes to execute a Land Lease under ADA-32351, as follows:  LESSEE: IC Alaska Airport LLC  PREMISES:  Block 23, Lot 15 consisting of approximately 4,246,285 square feet.  LEASE TERM: Fifty-five (55 years)  LEASE RENTAL RATE: $0.18 per square foot per year.  PROPOSED VALUE OF INVESTMENT: $500,000,000. PROPOSED AUTHORIZED USES:  Applicant proposes to develop, construct, operate and maintain a maintenance, repair and operations (MRO) or comparable hangar warehouse facility, fourteen (14) aircraft hardstands for design group V aircraft, fueling distribution facilities, and vehicle parking. 

This file is available for review during regular business hours, Monday through Friday, at the Leasing Office of Ted Stevens Anchorage International Airport, located in Room C3980 on the third floor of the South Terminal, at 5000 W. International Airport Road, Anchorage, Alaska 99502.  Comments or competing applications may be submitted in writing to: Attention: Teresa Ressler, Land Manager, Ted Stevens Anchorage International Airport, P.O. Box 196960, Anchorage, Alaska, 99519-6960, but must be received by 5:00 P.M. on or before December 9, 2020, after which the Department will determine whether or not to execute the Land Lease. 

The DOT&PF operates Federal Programs without regard to race, color, national origin, sex, age, or disability. 

Full Title VI Nondiscrimination Policy:

To file a complaint go to:

The DOT&PF complies with Title II of the Americans with Disabilities Act of 1990. Individuals with disabilities who may need auxiliary aids, services, and/or special modifications to participate in public meetings or who require special accommodations while gathering information on this file, should contact the Airport Leasing Office at telephone number (907) 266-2420, or Alaska Relay at telephone number: 711. Requests should be made at least 5 days before the accommodation is needed make any necessary arrangements.

The Department reserves the right to correct technical defects in lease language, the premises' description, lease term, or the purposes of the lease, and to reject any or all applications when to do so is in the best interests of the Department.

BY: Teresa Ressler 
Teresa Ressler, Leasing Land Manager

DATE: 11/10/2020


Attachments, History, Details

Revision History

Created 11/10/2020 2:59:23 PM by tlollila


Department: Transportation and Public Facilities
Category: Public Notices
Sub-Category: Airport Leasing
Location(s): Statewide
Project/Regulation #: ADA-32351
Publish Date: 11/10/2020
Archive Date: 12/10/2020
  • Public Comments Due
    12/9/2020 5:00pm