City of Santa Monica and Museum of Flying Sign Long-Term Lease
$1 annual rent contributes to a sustainable future for a beloved cultural institution and community-gathering place
August 9, 2017
SANTA MONICA, Calif. – 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.
“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.”
Mayor Pro Tem Davis joined Museum of Flying CEO Dan Ryan and President and Board Chairman David Price for a brief ceremony for the lease this morning. Photos are available here.
In return for the nominal rent fee, the museum commits 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.
About the Museum of Flying
Since its establishment in 1979, the Museum of Flying has been an important Santa Monica cultural institution. With approximately 23,000 square feet of exhibit area and nearly two dozen aircraft, the museum is a treasure of artifacts and exhibits related to the Douglas Aircraft Company and aviation in general. It features a broad collection of aviation art and photographs including three very large murals created by noted aviation artist Mike Machat. The Museum has three permanent “open cockpit” exhibits including the authentic FedEx Boeing 727 cockpit. The Museum provides public school tours free of charge to nearly 30,000 students and it participates in the annual Santa Monica Airport Art walk event.
Photos of the check presentation > (or download at right)