This isn't LAX, of course, but it involves LA World Airports (LAWA) and it is interesting. I think LAWA owns 17,000 acres around Palmdale airport. Finding ways to generate revenue from this land is an excellent strategy. It is also nice to see that LA's investment in transit is creating good jobs.
L.A. Airport Board Recommends Approval of Palmdale Lease
San Fernando Business Journal
Monday, April 21, 2014
"The Los Angeles Board of Airport Commissioners recommended approval on Monday of a five-year lease with Japanese railcar manufacturer Kinkisharyo International LCC for space in Palmdale.
The lease covers 250,000 square feet in two buildings owned by the airport that would be used to manufacture railcars for the Los Angeles County Metropolitan Transit Authority. Kinkisharyo, the U.S. arm of Kinki Sharyo Co. Ltd. of Osaka, will pay $4.6 million in rent for the initial five years, with an option for an additional five years.
The lease agreement now goes before the Los Angeles City Council for final approval. The two buildings Kinkisharyo will lease are part of Site 9, a former aircraft manufacturing center used in assembling the B-1 bomber and later for aircraft repairs..."
http://www.sfvbj.com/news/2014/apr/2...almdale-lease/