Lock Haven City Council approves Piper Airport land lease agreement

A significant development emerged during the City of Lock Haven's council meeting on May 4, 2021, as officials considered a resolution to enter into a 25-year lease agreement for 13.88 acres of land at the Airport Industrial Park. This land, previously leased by Anadarko, is now set to be taken over by a local business that currently rents Hangar 2 from the city.

The proposed lease agreement stipulates an annual base rent of $22,810, with adjustments tied to any future increases in city taxes. This move is expected to bolster economic activity in the area, as the new tenant aims to expand their operations on the industrial site.

The decision to lease this land marks a pivotal moment for the Airport Industrial Park, which is crucial for local business growth and job creation. As the council deliberates on this resolution, the community anticipates the positive impact this agreement could have on Lock Haven's economic landscape.