"Jay Honeck" wrote in message
news:BQCmf.394424$084.284591@attbi_s22...
New hangars came available at the airport I fly out of and I
bought two. The rent on one pays for the annual costs for both. 39 T
hangars sold in in about two weeks.

How does that work, Dave? Is this a private airport, or municipal?

Our airport has talked about selling hangars to tenants, but it always
gets
swept aside as being unworkable.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

Private public use airport. Poplar Grove C77 in northern IL now the largest
airport aircraft count wise in the state with 400 plus aircraft. We own the
hangar and pay a nominal annual land lease, property tax, insurance and
maintenance fee that covers snow plowing, lawn mowing, etc. Total comes to
about $1,200 per year. The land lease is a transferable 99 year lease.
Probably one of the better investments around. It is not unusual for a
hangar to sell in a couple of hours.