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A Texas company was awarded a long-term lease to construct a hangar and an access road at the Cavern City Air Terminal south of Carlsbad.
Tuesday night, Carlsbad City Councilors approved a 30-year agreement with BMB Equipment Holding. The City of Carlsbad and the company signed a five-year agreement in 2014 for two hangars, according to a City Council document.
More: Cavern City Air Terminal gets $20K from State for maintenance
The lease agreement between BMB and the City of Carlsbad expired in December of last year, the document indicated.
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“They would like to continue that lease and increase their footprint for some additional ground space and put in an access road to their property,” said City Administrator John Lowe.