Politics & Government

Village Board to Vote on LITH Airport Rental Rates

Village Board ponders what to do when 11 of the airport's 20 T-hangars are vacant.

The Village Board is poised to vote tonight on lowering T-hangar rental rates with hopes of filling vacancies at .

The Lake in the Hills Board of Trustees meeting is at 7:30 p.m. Thursday at Village Hall, 600 Harvest Gate, Lake in the Hills. 

The village is proposing lowering T-hangar rental rates from $378.59 to $290 effective June 14. Of the 20 T-hangars for lease at the airport, 11 are vacant, according to village documents. 

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The village recently adopted an incentive plan with hopes of drawing in tenants. Under the incentive plan, the village drew in one new tenant but recently lost an existing tenant, according to village documents. 

Filling three vacancies at the reduced rate could bring the village "to the break-even point," according to Village Board documents that indicate renting out more than three spaces would increase revenue.

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The rate would include new tenants and would apply to existing tenants when they renew their lease.


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