DeKalb County Regional Airport Authority
                                                                                 2013 Corporate Hangar Construction
The Authority will grant 1-years land lease for every $23,500 per 1.5 Acre investment annually.  ($0.03585 per Square Foot per year)
At the end of the Land Lease, the building becomes the property of the Authority.
In the past, we have had some immediately transfer the hangar to us to save taxes if depreciation (building) is not desired over time.
The Authority will construct the airside ramp and access to the parallel taxiway. In the past this has been between $80,000 – $110,000.
$117,500.00 5-years land lease
$235,000.00 10-years land lease
$352,500.00 15-years land lease
$470,000.00 20-years land lease
$587,500.00 25-years land lease
$705,000.00 30-years land lease
Airport Authority handles all snow removal, airside and landside and all mowing.
Company constructing hangar would pay for utilities, building maintenance, taxes and ????
On average the cost of hangaring an aircraft in a high-end hangar is roughly $1,250.00 per month.
If this hangar had enough space for:
x5 years x10 years x15 years x20 years x25 years x30 years
1 aircraft = $15,000 per year $75,000.00 $150,000.00 $225,000.00 $300,000.00 $375,000.00 $450,000.00 Revenue
2 aircraft = $30,000 per year $150,000.00 $300,000.00 $450,000.00 $600,000.00 $750,000.00 $900,000.00 Revenue
3 aircraft = $45,000 per year $225,000.00 $450,000.00 $675,000.00 $900,000.00 $1,125,000.00 $1,350,000.00 Revenue
Please contact:
Russ Couchman, MPM, CM
General  Manager and Treasurer
DeKalb County Airport Authority
2710 County Road 60, Suite 200
Auburn, IN 46706
260-927-8876 Office
260-333-0208 FAX