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Texas company gets three decade lease for hangars at Cavern City Air Terminal


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A Texas company was awarded a long-term lease to construct a hangar and an access road at the Cavern City Air Terminal south of Carlsbad.
Tuesday night, Carlsbad City Councilors approved a 30-year agreement with BMB Equipment Holding. The City of Carlsbad and the company signed a five-year agreement in 2014 for two hangars, according to a City Council document.
More: Cavern City Air Terminal gets $20K from State for maintenance
The lease agreement between BMB and the City of Carlsbad expired in December of last year, the document indicated.
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“They would like to continue that lease and increase their footprint for some additional ground space and put in an access road to their property,” said City Administrator John Lowe. ....

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