City of Fayetteville
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File #: 22-2837    Version: 1 Name: Approval of Proposed License Agreement for Interspace Services, Incorporated d/b/a Clear Channel Airports
Type: Consent Status: Agenda Ready
File created: 7/21/2022 In control: City Council Regular Meeting
On agenda: 8/8/2022 Final action:
Title: Approval of License Agreement with Interspace Services, Incorporated d/b/a Clear Channel Airports Their Successors or Assigns at the Fayetteville Regional Airport
Attachments: 1. ClearChannel, 2. Clear Channel- Proposed License Agreement 04272022 (Final w Comments)
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TO: Mayor and Members of City Council

THRU: Karen M. McDonald, City Attorney
Telly Whitfield, Assistant City Manager

FROM: Kecia N. Parker, NCCP
Alvester T. (Toney) Coleman, PhD, A.A.E.

DATE: August 8, 2022

RE:
Title
Approval of License Agreement with Interspace Services, Incorporated d/b/a Clear Channel Airports Their Successors or Assigns at the Fayetteville Regional Airport
end

COUNCIL DISTRICT(S):
Council District(s)
All


b
Relationship To Strategic Plan:
Goal II - Responsive City Government Supporting a Diverse and Viable Economy-Have a strong, diverse, and local viable economy
Objective 2.1 - To ensure a diverse tax base

Goal IV - Desirable Place to Live, Work and Recreate
Objective 4.1 - To maintain public transportation investments with high quality transit and airport services


Executive Summary:
Interspace Services Incorporated d/b/a Clear Channel Airports has had a License Agreement for advertising space within the Airport terminal building since 1998. The term of the lease will be for four years beginning September 1, 2022.

Background:
The mission and goal of the Fayetteville Regional Airport (FAY) is to provide safe and efficient airport operation to meet the aviation needs of the community. The Airport serves an eleven county service area with a catchment population of over 430,000 residents. The Airport generates 960,000 Origination & Destination passengers per year with its two current legacy carriers to three major hubs in Atlanta, Charlotte and Ft. Worth. It has an estimated regional economic impact of over $790 million. The Airport has been self-sustaining since 1994; meaning there has been no use of City General Funds for operational or capital expenditures for nearly thirty years.

Interspace Services Incorporated d/b/a Clear Channel Airports has had a License Agreement for advertising space within the Airport terminal building since 1998. Pre-pandemic they were given an extension of their lease in return for...

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