Development of Lunken Airport Lease Area 58 Airport Rd

The City of Cincinnati is leasing a 6.229‑acre parcel at Lunken Airport (Lease Area 58) to a private developer for the creation of an FBO‑type facility, hangars, or other aviation‑related uses. The lease is a triple‑net arrangement with a minimum base rent of $0.35 per sf per year, CPI rent adjustments every three years, and a 1 % operating‑fee on gross revenue. The lease term is six years with up to eight three‑year renewal options (potential total of 30 years). The successful offeror must handle all utility installations, comply with FAA Part 77 obstruction‑free requirements, meet local zoning setbacks, and adhere to the 1975 Lunken Airport Rules & Regulations. No financial assistance is provided by the City; the developer must finance construction and operations. The solicitation includes a pre‑submission virtual meeting (24 Sep 2025) and a questions deadline (1 Oct 2025). Proposals are submitted electronically via the Bonfire portal by 12 Nov 2025. • Lease of 271,337 sf (≈ $95 k annual base rent) with CPI escalations and 1 % operating‑fee. • Mandatory compliance with FAA, flood‑plain, and local building codes; all utilities and storm‑water management are the lessee’s responsibility. • Evaluation scores (100 pts total) emphasize alignment with Lunken’s mission, site utilization, experience, and financial capacity. • Base lease term 6 years, renewable up to a total of 30 years, with triple‑net obligations and extensive insurance requirements.