The Lehigh-Northampton Airport Authority has approved a $9.6-million sale agreement with a developer that wants to put a new Fed Ex distribution center on airport land.
The authority's board voted Tuesday in favor of a purchase and sale agreement with the Rockefeller Group, which wants to build the center on 260 acres of land owned by the airport authority.
The authority has said proceeds from the sale would be used to pay down its debt, including a $26 million court judgement.
In other business, the authority entered into a lease agreement with an unnamed financial institution to lease a former bank property near the airport's entrance.
The bank wants its name kept quiet for the time being, Darren Betters, the authority's director of business and commercial services told the board. He said it's a company with 26 branches and $1 billion in assets.
The lease will give the airport $4,500 a month in income.
Also Tuesday, authority Chairman Marc Troutman said the future of Braden Airpark is still undecided. Troutman said the airport received only a single bid to lease the Forks Township airport.
Troutman said bidders have until August 7 to make offers on the property.
The airport had reached out to the township, Lafayette College and Northampton County about acquiring Braden Both the township and the college said no. Troutman said his staff will reach out again to the county.
Earlier this year, the authority agreed to a six month moratorium on selling or closing the airport. A final decision is expected in October.