FedEx Corporation

Airport says FedEx project ready for takeoff

The Lehigh-Northampton Airport Authority on Tuesday approved a series of land deals that could bring it nearly $10 million as early as next year, ending its three-year struggle to balance its books. The authority inked two separate deals to put 260 acres of airport property into the hands of FedEx Ground for a massive distribution center in Allen Township. Included in the package is a "tri-party" deal that gives FedEx the right to buy the land directly from the airport, if the New York-based Rockefeller Group defaults on its development deal with the airport. The $9.9 million tri-party deal is likely unnecessary and comes with virtually identical terms that the airport has with...