Thursday, January 15, 2015

Proud Bird At LAX Signs 20-Year Lease Extension.


With the stay-of-execution now signed, we can continue to capture, and celebrate, photos like these for years to come! All photos taken from the famous Proud Bird parking lot.

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Seen in the Los Angeles Business Journal today.

By Matt Pressberg Thursday, January 15, 2015 
 
"The historic Proud Bird restaurant at the Los Angeles International Airport, which had been rumored to be closing after failing to agree to a long-term lease with airport operator Los Angeles World Airports, isn’t taking off after all.

Runway Two-Five Corp., which owns the restaurant, agreed Wednesday to a 20-year lease extension, worth more than $4.5 million over its term.

The owners of the restaurant, which features several early airplanes on its premises, expect to spend more than $5 million upgrading and refurbishing the property, according to a press release announcing the deal."

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