Many businesses seek airport rent reductions, but few are granted

May 2009
Las Vegas Business Press (10712186);5/25/2009, Vol. 26 Issue 21, pP5
This article reveals that several concession operators at McCarran International Airport have been seeking rent reductions amid the continued drop in passenger numbers. However, only a few rent breaks have been granted by the airport management. Casino developer Michael Gaughan's minimal annual rent has been reduced by $8 million. Smaller breaks were given to some small businesses as a result of special circumstances. Aviation Director Randall Walker explains the purpose of the minimum annual guarantee.


Related Articles

  • The plane truth. Bhatt, Rob // Las Vegas Business Press;02/09/98, Vol. 15 Issue 6, p8 

    Interviews Randall Walker, a Nevada native concerning the issue on McCarran International Airport. Why people should not be scared on the flattening of passenger traffic numbers at the airport; Demand by airline operators to fly to Las Vegas; Problem in terms of attracting air service to Las Vegas.

  • Airport a growing commercial market. Hare, David // Las Vegas Business Press;02/19/2001, Vol. 18 Issue 8, p10B 

    Focuses on the growth of the concessions business at airports in the United States. Airports' transition from being utilitarian to becoming more like shopping malls; Percentage that concession income contributes to the operating revenues of the McCarran International Airport in Las Vegas,...

  • Rental car facility gets go ahead. Mihailovich, Steven // Las Vegas Business Press;11/3/2003, Vol. 20 Issue 44, p1 

    Reports on plans to construct a car rental facility at the McCarran International Airport in Las Vegas, Nevada. Total amount allocated for the consolidated car rental facility; Completion for the bidding on the construction portion of the project; Success of the rental car concept in various...

  • Airport cargo center breaks ground.  // Las Vegas Business Press (10712186);11/30/2009, Vol. 26 Issue 48, p10 

    The article announces that Marnell Properties from Las Vegas, Nevada has broken a 20-year ground lease to develop the 20 million U.S. dollar McCarran International Airport cargo complex. To be constructed are two buildings designed by Marnell Architecture and half of the proceeds from the rent...

  • More cuts by US Airways raise doubts for airport retailers. O'REILEY, TIM // Las Vegas Business Press (10712186);12/21/2009, Vol. 26 Issue 51, pP16 

    This article focuses on the reduction of U.S. Airways flight operations. By February 2010, U.S. Airways will cut its schedule of 64 daily departures down to 36. Clark County Aviation Department director Randall Walker notes that stores located at McCarran International Airport's concourses A and...

  • Southwest Airlines chief says optimism for LV high. Spillman, Benjamin // Las Vegas Business Press (10712186);5/18/2009, Vol. 26 Issue 20, pP4 

    The article reports on the optimism of Gary Kelly, chief executive officer (CEO) of Southwest Airlines, for the tourism industry in Las Vegas, Nevada. When asked how the company is dealing with recession, he says that they are very well prepared if they can keep their fares low and keep their...

  • Air traffic decline forces McCarran to make cuts. Spillman, Benjamin // Las Vegas Business Press (10712186);1/12/2009, Vol. 26 Issue 2, p14 

    The article reports on the decision of the management of McCarran International Airport to make $30 million in budget cuts due to a decline in commercial air traffic to and from Las Vegas, Nevada. Clark County Aviation director Randall Walker reported that the budget cuts include a hiring...

  • Relax, Mr. Walker, it's sparkling cider.  // Las Vegas Business Press (10712186);2/6/2012, Vol. 29 Issue 6, pP13 

    The article presents news briefs related to business in Nevada. Clark County Aviation director Randall Walker has offered his praise for the 30th anniversary of Southwest Airlines' flights to McCarran International Airport. The National Association of Women Business Owners Southern Nevada...

  • ECONOMY.  // Las Vegas Business Press (10712186);11/17/2008, Vol. 25 Issue 46, p19 

    This section offers economic news briefs in Nevada in 2008. The average daily automobile traffic at the border between Nevada and California in September decreased by 8.8 percent compared to the same month of the previous year. 106 bankruptcy filings were recorded during the second quarter. Car...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics