PILLAR: Sustainable
AGENDA DATE: December 10, 2025
COUNCIL DISTRICT(S): 3
DEPARTMENT: Department of Aviation
PRIORITY: Targeted Economic Growth
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SUBJECT
Title
Authorize a forty year, with two ten-year renewal options lease agreement with RBD Development LLC, a special purpose vehicle of Sky Harbour Group Corporation, for approximately 653,400 square feet (15 acres) of undeveloped land at Dallas Executive Airport and a capital investment obligation of $35,000,000.00 - Estimated Revenue: Aviation Fund $13,650,000.00, over the primary term of the lease
Body
BACKGROUND
In May 2024, the Department of Aviation (“Aviation”) issued a Solicitation for Lease of Land at Dallas Love Field and Dallas Executive Airport to identify a lessee to lease and develop two separate parcels of land. Aviation received two proposals, and following the evaluation committee’s evaluations of the proposals, Sky Harbour Group Corporation (“Sky Harbour”) was deemed to be the most advantageous proposer to lease and develop the parcels.
Sky Harbour is the largest developer of business aviation hangar facilities in the United States, with a focus on building home basing solutions for both corporate and private executive flight departments. The company was founded in 2017 and has been providing general aviation services since 2019.
The City desires to lease approximately 653,400 square feet (15 acres) of land to RBD Development LLC, a special purpose vehicle created by Sky Harbour, for a primary term of forty years with two ten-year renewal options. Sky Harbour will be required to expend no less than $35,000,000.00 on the construction of new hangars, offices, aircraft apron areas, and an above-ground fuel farm. The exact size of the proposed leased premises is subject to a final survey.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
Estimated Revenue: Aviation Fund $13,650,000.00, over the primary term of the lease
OWNER/EXECUTIVES
RBD Development LLC
Sky Harbour National Holdings LLC, its Managing Member
Sky Harbour LLC, its Managing Member
Tal Keinan, Chief Executive Officer