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Jun 10, 2019 11:19 AMPublication: The Southampton Press

East Hampton Seeks To Buy Out Krupinski Lease For Largest Hangar At Airport

East Hampton Town is in talks with the estate of the late Ben Krupinski to buy out the lease on the East Hampton Executive Terminal hangar at East Hampton Airport.
Jul 18, 2019 10:22 AM

East Hampton Town is in negotiations with the estate of the late Ben Krupinski to buy out the lease for the largest airplane hangar at the airport, known as the East Hampton Executive Terminal.

The Town Board last month approved designating $275,000 from the airport’s surplus funding reserves for the purchase of the leasehold. The resolution adopted unanimously by the board on May 16 said that the purchase has been negotiated, but town officials last week said the deal is not yet inked and that the money was being appropriated in case a deal was worked out.

“We’re still negotiating things, so it is yet to be determined at this point,” Town Supervisor Peter Van Scoyoc said.

The hangar, which sits along the southern perimeter of the airport across the runways from the main terminal, is the largest of the airplane storage hangars at the airport property. The original lease puts the size of the hangar bay itself at just under 10,000 square feet and the attached offices at about 2,000 square feet.

The hangar was first leased to Mr. Krupinski in 1996 for $50,000 per year, with gradual increases up to $104,000 per year as of last year. In 2016, Mr. Krupinski had exercised an option to extend the lease for an additional 10 years.

Mr. Krupinski—who died one year ago in a plane crash off Amagansett that also took the lives of his wife, Bonnie Bistrian Krupinski, grandson William Maerov and pilot Jon Dollard—kept his small fleet of aircraft in the hangar, which still bears the banner of East Hampton Airlines, a charter service that utilized the family’s aircraft.

The lease terms require that the property have an “environmental audit” conducted before it can be returned to the town and that the lessee remediate any environmental issues at the site before it is turned over.

The hangar is not among the 47 acres of the airport property that the State Department of Environmental Conservation declared to be contaminated with hazardous waste last week.

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So the current lease would bring in revenue of over $100k/year and other prospective lessees have offered up even more to lease the property. However, instead of earning lease revenue per the FAA Directive of Jan 31, 2017, the Town has decided to illegally spend the airport's monies to buy the lease itself and leave the building vacant and abandoned. All part of the Town's plan to spend up all of the airport's self sufficient monies and starve it of new income so it can close it in 2021. They are ...more
By localEH (427), East Hampton on Jun 10, 19 8:43 PM
2 members liked this comment
Perhaps. Just perhaps to fact that they died in an airplane accident, the estate no longer wants to be reminded of aviation. Just perhaps that they are no longer with us, the estates airplanes are not being utilized the way they were and are just sitting. Just perhaps they no longer want it and the estate contacted the town to get out of the expense of maintaining an asset that they no longer use or want. Just perhaps...
By North Sea Citizen (568), North Sea on Jun 11, 19 6:45 AM
1 member liked this comment
The estate doesn’t want to sell to the town but is being forced to by the town. The estate has been trying to sell or sublet the lease to another locally based user. About half a dozen local users have put big lease offers on the table, more than the current lease amount, and have offered to perform the several hundred thousand in repairs the hangar needs. But the town literally won’t even respond to phone calls, emails or letters about these lucrative lease offers because this is a ...more
By localEH (427), East Hampton on Jun 11, 19 8:47 AM
1 member liked this comment
It's a violation of Federal Law to buy back the hangar lease? If the estate doesn't want to sell the lease why are they negotiating? How is the town forcing them to sell it? Just asking.
By harbor (415), East Hampton on Jun 11, 19 9:01 AM
Just perhaps the airport opponents who want to see it closed are doing a happy dance.
By InnerBay (72), Southampton on Jun 11, 19 7:45 AM
Maybe the Town is buying the hangar back only to lease it themselves to operators who will pay more than the current lease amount resulting in more revenue to the Town to pay airport expenses. Just maybe...
By Joann2112 (4), westhampton beach on Jun 11, 19 9:29 AM
Whatever the motivation behind any of this I remain opposed to closing the airport. I think doing so would be a huge irreversible mistake.
By Rich Morey (378), East Hampton on Jul 19, 19 10:38 AM