Tweed New Haven Airport Authority approves 43-year lease and development agreement to faciliate expansion

In an at-times tumultuous meeting, the Tweed New Haven Airport Authority approved a new 43-year lease and management agreement with a subsidiary of its longtime contract operator, Goldman Sachs-owned Avports LLC, on Wednesday, opening the door for a $100 million airport expansion. The meeting took place with East Haven Mayor Joe Carfora speaking forcefully against the lease and expansion and all four East Haven-appointed members voting no. Avports, owned by a subsidiary of Goldman Sachs, has managed Tweed for the past 23 years. The plans calls for a broader partnership under which Avports will invest about $100 million to extend the usable length of Tweed’s runway from 5,600 feet to 6,635 feet by paving currently grassy runway safety area. They also call for Avports to build a new 74,000-square-foot, carbon-neutral terminal with four to six departure gates on the East Haven side of the airport, with a new entrance to be constructed off Proto Drive in East Haven.

https://www.nhregister.com/news/article/Tweed-New-Haven-Airport-Authority-approves-17380816.php?t=3992925259&src=nhrhpdesecp

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