BOULDER CITY - City Council recently instructed staff to receive an appraisal for Boulder City Municipal Airport hangars. The general aviation hangars are located on Boulder City owned land and in a portion of the Boulder City Municipal Airport used primarily for private aircraft storage. Approximately 138 hangars have been constructed in this area and the location provides private aircraft with access and use of the main runways. The existing hangars are generally identified as pre-engineered metal buildings with sliding doors. Underground utilities have been extended to the units and the hangars are developed on reinforced concrete slabs. The units being appraised as part of this appraisal assignment include 28 general aviation hangars which were constructed in or around 1990. The units are generally center wall attached and consist of two sizes. Twenty units include 1,530 square feet while eight units include 1,710 square feet. The hangars are generally identified as leasehold improvements which have been constructed as part of a long-term ground lease.
The complete appraisal can be read here.