Lake Hood tenant secures 55-year lease at 12 cents per square foot

The Alaska Department of Transportation and Public Facilities proposes to grant a 55-year land lease to Lake Hood Air Harbor, Inc. at Ted Stevens Anchorage International Airport for $7,204.44 per year. The lease covers 60,037 square feet at a rate of 12 cents per square foot annually and runs from August 1, 2026, through July 31, 2081.

Recent Lake Hood land lease notices from DOT&PF show a 12-cent-per-square-foot annual rate for aeronautical uses. In 2017, DOT&PF proposed a 10-year extension for Alaska Air Taxi at the same per-square-foot rate. In 2022 the department offered K-Lot, LLC a lease of up to 35 years at 12 cents per square foot for nearly 199,000 square feet. A 2013 lease to Lake Hood Air Harbor, Inc. set the rate at 9 cents per square foot.

The proposed lease authorizes Lake Hood Air Harbor, Inc. to operate and maintain an aircraft hangar, ancillary office space, sales of aircraft and aeronautical equipment and supplies, servicing of aircraft and aeronautical equipment, operation of a light aircraft flight school, and use of aircraft tiedowns. The premises are located at Block 14, Lot 2C within the airport property.

DOT&PF published the public notice on May 19, 2026. The department will accept written comments through 4:30 p.m. on June 18, 2026. Lake Hood lease notices routinely allow written comments or competing applications by the deadline before DOT&PF decides whether to execute or extend the lease. Comments may be submitted by email or letter to Andy Dinsmore at [email protected] or by mail to the Leasing Office at Ted Stevens Anchorage International Airport, P.O. Box 196960, Anchorage, Alaska, 99519-6960.

The lease file is available for review during regular business hours, Monday through Friday, at the Leasing Office in Room C3980 on the third floor of the South Terminal at 5000 W. International Airport Road. The official online public notice and exhibits are posted at https://aws.state.ak.us/OnlinePublicNotices/Notices/View.aspx?id=223901. After the comment period closes, the department will determine whether or not to execute the land lease.

The department reserves the right to correct technical defects in lease language, the premises description, lease term, or the purposes of the lease. DOT&PF also reserves the right to reject any or all applications when doing so is in the best interests of the department.

DOT&PF operates federal programs without regard to race, color, national origin, sex, age, or disability. The full Title VI nondiscrimination policy is available at dot.alaska.gov/tvi_statement.shtml. To file a complaint, go to dot.alaska.gov/cvlrts/titlevi.shtml.

Individuals with disabilities who may need auxiliary aids, services, or special modifications to participate in public meetings or who require special accommodations while gathering information on the file should contact the Airport Leasing Office at 907-266-2420 or Alaska Relay at 711. Requests should be made at least five days before the accommodation is needed to make any necessary arrangements.