Fairbanks International Airport occupies approximately 3,550 acres and is located about 4 miles southwest of downtown Fairbanks. The Airport is owned and operated by the State of Alaska and is administered by the Department of Transportation and Public Facilities (DOT&PF). The Leasing Office at the Airport oversees approximately 188 land, terminal building, and other contracts such as Business Activity Permits, Commercial Passenger Vehicle Permits, Vehicle Rental Business Permits, and 396 aircraft tiedowns.
What kinds of activities can airport land be used for?
Generally, airport land should only be used for those uses that must be on airport property due to its use and proximity to aviation facilities. The Alaska Administrative Code, Title 17, Chapter 42, Section 990, Definitions, describes land uses and privileges as follows:
How do I find out what lots or terminal building areas are available for lease?
Contact the Leasing Office to discuss your proposed activity and we'll show you what's available and work with you to find an appropriate space, provided that your proposed activity requires being located on Airport land or in the terminal building. We highly encourage potential tenants to contact the Leasing Office before submitting a lease application for a particular parcel or terminal building space so that our staff can work with you to help find the right fit for the activity you'd like to do.
How is the term of an Airport Lease established?
Generally, an Airport land lease term is based upon the dollar amount of investment proposed by the lessee and can be issued for up to a maximum of 55 years. Lease term tables show the maximum term that will be considered for a dollar amount of investment. A terminal building space lease term is usually established on specific business criteria and may range from 120 days to 5 years. More info
May I sublease space to someone else?
Generally yes, provided that 1) you sublease to a company or person for the same authorized uses in your original lease with the Airport; 2) the sublease is controlled by the Airport's lease; and 3) you receive the Airport's prior written consent to the sublease agreement. More info
Can I assume someone's existing lease?
Yes, but we highly recommend you contact the Leasing Office to determine if the lease is in good standing and if there are any problems associated with the lease you are interested in assuming. Regardless of any private transactions between individuals, the existing lease remains in the original lessee's name until assignment papers have been submitted and consented to by the Chief of Leasing. More info
What costs associated with leasing land at the Airport is a lessee responsible for?
The lessee is responsible for all costs associated with development of the property, including a site survey, bringing utilities onto the site, driveways, taxilane access, all costs of construction, as-built drawings when construction is complete, and insurance and property taxes.
What about environmental liability issues? Can I have a site assessment performed?
The lessee is responsible for what he causes, materially contributes to, or assumes under an assignment. A lessee has the opportunity to perform an environmental site assessment, at his cost, at any time and submit the findings to the Leasing Office. The lessee will be held harmless from liability for any environmental contamination found which the lessee did not cause, materially contribute to, or assume under an assignment of lease.
The Airport encourages potential tenants to visit the Leasing Office before submitting an application for a particular airport parcel of land or terminal building space so that a Leasing Officer can work with the applicant to find the right fit for proper uses, building location, utilities, and other possible infrastructure requirements. The formal lease application process can take anywhere from 60 to 120 days or longer. We look forward to serving you!
Informal Staff Assistance: Airport personnel are available to assist tenants with the application process and reviewing plans every step of the way.
Fees: A $100.00 non-refundable application fee must be submitted with new and amendment applications. Current rents and fees are available in the Airport Fee Schedule.
The statutory authority for the Department of Transportation and Public Facilities to operate Fairbanks International Airport and other state owned airports is contained within the Current Alaska Statutes, Title 2, Aeronautics. Please search for more information at the following web site.
The regulations governing the operation of Fairbanks International Airport are contained in the Alaska Administrative Code, Title 17, Chapter 42. Please search for more information at the following web site.
Questions? email FAI Leasing