Lehigh Northampton Airport Authority approves sale of 250+ acres of airport property
Updated On: Oct 22 2013 09:55:44 PM CDT
The Lehigh Northampton Airport Authority (LNAA) approved the sale of large piece of land just to the north of the airport.
The New York-based Rockefeller Group is buying 253 acres of airport property, Charles Everett, the Executive Director of the Lehigh Valley International Airport said.
The land will be the footprint of a new FedEx warehouse, LNAA Chairman Tony Iannelli and board member Dean Browning said.
The 253 acres is part of a 434 acre parcel of land just north of the airport that's being sold off to cover debt from a legal judgment over the initial taking of that land by the airport authority
The Rockefeller Group is paying $9.6 million dollars for the land, Everett said.
The developers now have 6-and-a-half-years to complete construction, said Everett.
The 181 additional acres in that parcel can also be purchased by the Rockefeller Group.
Another almost-300 acres to the east of the airport is not part of the agreement with The Rockefeller Group. It is land that local developers can bid on.
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