Restaurant operators and retailers balked at the high asking rents and long lease terms that MSP Airport wanted as part of a large search for new tenants.
Why it matters: MSP’s reputation as the top U.S. airport is based partly on its dining and shopping options. The lack of vendor interest shows that it may be asking too much from businesses seeking access to the airport’s 36 million annual travelers.
State of play: The airport has been working on a major overhaul of its commercial spaces this year. Staff informed the Metropolitan Airports Commission (MAC) that it found vendors for less than half of the available space…