A series of lease changes at the Oliver Municipal Airport have been approved by the Town of Oliver Council as ownership changes and expansion by Transwest Helicopters required rejigging the leases.
Oliver is taking the first steps in a bid to better utilize the Oliver Airport land as it aims to increase revenue generating potential which could include dorms, offices or even housing.
The Oliver Airport’s rental rates will be increasing for the first time since 2018 after Oliver Council decided at its Jan. 6 regular meeting to update the Oliver Airport Land Rental Rate to $5.20/sqm per year for existing leases.