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The New Hanover County Airport Authority approved at its Wednesday meeting a lease agreement with Marathon FBO Partners LLC to develop a new fixed-base operator on airport property, according to Gary Broughton, ILM's deputy director.
At the same meeting, the due diligence period was extended for the potential development of a gas station and convenience store near the airport.
Marathon Partners' lease begins on June 1. The company will have a year from the start of the lease to build the project, Broughton said.
Marathon Partners, based in Marathon, Florida, was one of two companies that responded to ILM's request for proposals for a second FBO.
The final lease agreement is for 6.3 airside acres, to develop a 5,200-square-foot FBO, with two aircraft hangars and a fuel farm. The initial annual rent is $92,650, according to airport documents.
Marathon Partners will be doing business as Aero Center Wilmington, Broughton said.