The City of Santa Monica and the Museum of Flying have agreed to a long-term lease with an annual rent of $1 for five years with the option to renew for an additional five. The museum has served the community since 1979, sharing Santa Monica’s aviation history as the home of the Douglas Aircraft Company with thousands of visitors and students annually, according to the City.
“The City of Santa Monica is fully committed to doing its part to preserve and celebrate our rich aviation history,” said Mayor Pro Tem Gleam Davis. “We expect the Museum of Flying will serve the community for years to come and will be a center piece as the airport fully transitions to parks, open space, recreation, education and cultural uses.”
In return for the nominal rent fee, the museum has committed to continuing free tours for schools and allowing the City to use the facility four times per year for community events at no cost.
“We are thrilled to have the City as a true partner. The lease terms and length will assure our supporters that we have stability and a bright future in Santa Monica,” said Museum of Flying President and Board Chairman, David Price.
For more information on the museum head to: museumofflying.org.