BURBANK : Commission OKs Bid for Lockheed Site
The Burbank Airport Authority on Monday agreed to offer Lockheed Corp. $8.9 million for 15 acres needed to relocate several airport hangars.
The commission approved the offer by a 6-0 vote, with three commissioners absent.
“As of this afternoon, we have not received an offer on the property,” said Paul Haney, a spokesman for the Lockheed Corp. office in Calabasas. “We will withhold any comment until we receive a definitive offer. We don’t actually have an offer in hand.”
The vacant land is next to the airport, on the south side of Sherman Way at the end of Clybourne Avenue in Burbank.
The airport plans to build four 40,000-square-foot single-story aviation hangars on the property, to replace five hangars that are too close to the airport’s runway. The move is part of an ongoing plan, approved in March, to relocate an airport terminal.
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