By Earl Kimel
Staff Writer
August 9, 2019
The Federal Aviation Administration said that it would approve a 75-year lease of the former Venice Circus Property; once the Venice City Council agrees, the city of Venice could have its first new hotel since 1997
The Federal Aviation Administration approved a 75-year lease between a Michigan-based developer and the Venice Municipal Airport that would allow construction of a 130-room hotel on the 12.4-acre former circus arena site.
“We were pretty far outside of the box on the FAA standard term,” Venice Airport Manager Mark Cervasio said of the lease. “They look for 30 years, no more than 50, but we got 75.
“That’s a big deal.”
Cervasio received a letter on Aug. 2 from the FAA, indicating their approval of the lease terms.
Ali H. Johnston, MBA in Real Estate
REALTOR®, Lic. Broker #BK3284964
West Villages Realty LLC
19503 S West Villages Pkwy
Stes A2 & A11 (by Appt)
Venice, Florida 34293
Office: 941-460-3179
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