GREENSBORO, N.C. — Piedmont Triad International Airport officials are preparing to negotiate a lease with a prospective tenant, though they aren’t saying whether the deal involves the pending expansion of the HondaJet facility that could involve more than 400 new jobs.
The Piedmont Triad Airport Authority on Tuesday approved a resolution to give PTIA Executive Director Kevin Baker the authorization to enter into a letter of intent “with a prospective tenant.” The deal would involve what airport officials refer to as the east side development site on airport property.
Officials with the governing board of PTIA declined to elaborate on the lease or possible tenant, but the move by the airport to streamline lease negotiations takes place as Honda Aircraft Co. prepares an expansion of its HondaJet operation on airport grounds.
The Guilford County Board of Commissioners and Greensboro City Council recently pledged separate economic incentive packages to encourage Honda Aircraft to pick PTIA for the expansion. A Honda Aircraft official indicated a month ago that the company would expand a repair center and warehouse either at PTIA or its Loudon, Tenn., location.
Guilford commissioners pledged a $771,000 incentives package, while the Greensboro City Council agreed to provide $523,750 worth of incentives.
A Honda Aircraft media representative was unavailable for comment Tuesday.
Airport Authority Chairman Henry Isaacson said one reason the governing board conferred the lease authorization to Baker is that PTIA officials hope to have the letter of intent in place before the next authority meeting Oct. 25.
A letter of intent with the prospective tenant “would state the general terms and conditions of the proposed lease and would describe the site development work and infrastructure to be provided by the authority,” according to the resolution.
The final lease would be subject to further negotiations and would require the ultimate approval by the authority before the lease could be implemented.
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