The Phoenix City Council is expected to vote Wednesday on leasing vacant property at Phoenix Goodyear Airport.
Phoenix owns and operates the airport located about a mile southwest of Goodyear. The council will consider a 35-year contract with Burrell Aviation. The company plans to invest an estimated $40 million to build a cargo center that could include cold storage, dry storage, or maintenance and repair facilities.
Phoenix would charge Burrell $414,691 in yearly rent for 28 acres, with adjustments based on the annual Consumer Price Index for the local metro area. Burrell could get up to $4 million in rent credit to cover infrastructure improvements that would support future development.
Last December, the company broke ground on 53 acres in Baton Rouge, Louisiana to build an aviation business park.
Phoenix Goodyear Airport is a general aviation reliever airport for Phoenix Sky Harbor International Airport.
