TITLE

Many businesses seek airport rent reductions, but few are granted

AUTHOR(S)
O'REILLY, TIM
PUB. DATE
May 2009
SOURCE
Las Vegas Business Press (10712186);5/25/2009, Vol. 26 Issue 21, pP5
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
41037406

 

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