LOVELAND An amended proposal from the developers of the Discovery Air business park at Northern Colorado Regional Airport is requesting to increase the amount of land under contract by more than 110,000 square feet.
NCRA executive director Jason Licon said the lease amendments were expected from the time that developer BA Group LLC first signed a 50-year lease on the property in January 2019 and weren’t directly caused by the financial chaos created by the pandemic.
BA had a two-year period for due-diligence and market research purposes and has now proposed a new lease agreement that would further stagger the lease increases baked into the original lease.
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