other material
confidence high
sentiment positive
materiality 0.70
Sky Harbour Group signs 30-year ground lease at Trenton-Mercer Airport for $30M hangar campus development
Sky Harbour Group Corp
- Sky Harbour (SKYH) signed a 30-year ground lease with Mercer County for 10 acres at Trenton-Mercer Airport (TTN) starting December 18, 2024.
- The company must make minimum capital improvements of $30 million on the TTN campus.
- Sky Harbour has an option to extend the lease for an additional 20 years.
- The campus will serve the New York and Philadelphia metro markets, adding to Sky Harbour's network of airport locations.
- Mercer County Executive Dan Benson welcomed the development, citing jobs and economic benefits.