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Rider Jet Center Inc. airport properties

March 10, 2013

Rider Jet Center Inc., owned by local businessman David Rider, built five buildings at Hagerstown Regional Airport.

Here’s what has happened on each of the properties:

• 18539 Henson Blvd. — Building 26 is Rider’s 26,250-square-foot hangar, valued as of January at more than $2.1 million, according to Maryland Department of Assessments and Taxation (SDAT) records. The hangar houses Rider Jet Center, which provides several services, including repairs and fuel for planes at the airport, Rider said.

• 18319 Airpark Road — Building 64, which Rider erected in 2005, is a 16,250-square-foot hangar, valued at just more than $1 million as of January, according to SDAT records.

Rider said the hangar currently is leased to MAG Inc.

The company is doing helicopter and fixed-wing maintenance, repair and overhaul. County Administrator Gregory B. Murray said last summer after the commissioners agreed unanimously to give MAG an incentive of $20,000 per year for five years to start operations here. In return, MAG must have at least 18 full-time jobs — each with an average annual salary of at least $50,000 — at the airport each year.

• 18339 Airpark Road — Building 65, erected by Rider in 2006, is a 55,000-square-foot hangar, valued at more than $5.5 million as of January, according to SDAT records.

The building is leased to Sierra Nevada Corp., Rider said. A defense contractor, Sierra Nevada has done such projects here as upgrading cockpits and installing radios and other special equipment to modify airplanes for federal agencies, a company official has said.

• 18641 Jarkey Drive — Building 66, which Rider erected in 2010, is a 42,500-square-foot hangar, valued at more than $2.6 million as of January, according to SDAT records. Rider said the building currently is leased to Sierra Nevada.

• 18632 Jarkey Drive — Building 67, erected by Rider in 2010, is a 34,527-square-foot office building, valued at nearly $5.6 million as of January, according to SDAT records. Rider said the three-story building currently is leased to Sierra Nevada.

In all, Rider now is paying the county a total of $43,614.16 per year in lease rents for three of the properties, Assistant County Administrator Sarah Lankford Sprecher said.

On the other two properties, she wrote in an email, there is a total of $25,765.61 per year in “deferred land lease payments” that will begin on one property in 2021 and on the other in 2023.

“This equates to $69,379.77,” Sprecher wrote. “The deferred payments were a result of a construction credit. This was a result of additional excavation during the construction phase of the project.”

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— Arnold S. Platou

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