Airport Authority Agrees to Business Transfer with Skydive

This is an inside view of the new terminal building at the Frankfort Municipal Airport.

The Frankfort/Clinton County Airport Authority Board on Wednesday unanimously approved a transfer of business involving its biggest tenant at the Frankfort Airport.

“We took action to assign a license and a lease agreement that the airport has with Indy Skydive Center, which is our biggest tenant here at the airport,” said Airport Authority Board President Alan Dunn. “They are transitioning ownership to a new company and we had to change the names of he documents we have and approve that transition.”

Indy Skydive Center was transferred to Bucket List Holdings, which is a corporate name for Little Engine Ventures of Lafayette and run by Daryl Starr and Mikel Berger. The current five-year lease expires on October 31, 2019. So, this new lease essentially becomes a six-month trial basis for everyone involved.

Starr was on hand Wednesday afternoon along with Joe Dunn, who will be help in running the business. Dunn has a background in sports management and wants to get back in that field.

“They are in the last six months of a five-year agreement that they’ve had with the airport,” said Alan Dunn. “I imagine we’ll begin very soon and very quickly talks for an extension of the current agreement or we’ll amend it and effectively, make it a new agreement. We fully expect Skydive Indy to be an anchor tenant here at the airport for a long time.”