Summary
The Alaska Department of Transportation & Public Facilities proposes to extend Lease ADA-07664 (Parcel A-1), consisting of approximately 310,141.55 square feet at McGrath Airport, for an additional five years at an annual rent of $34,100.83. The renewal pricing in subsequent years is determined by adjusting the current year pricing using the average inflationary/deflationary effect reported in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for Houston, Texas. Written comments must be received by 4:30 p.m. on July 27, 2026, after which the Department will determine whether or not to extend the lease — this is a state land lease proposal, not a grant program.