Midland Awards $12.6M Hangar Contract to Reece Albert
Private investors will lease airport ground to build hangars, with ownership returning to the city at lease end.
Updated on Nov. 5, 2026 in Construction
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The City of Midland has awarded a $12.6 million hangar infrastructure contract to Reece Albert, Inc., the lowest-cost qualifying bidder among three contractors. The project will be funded from the city's Airport Fund and is expected to begin in early 2027.
Why it matters
The project is designed to better serve aircraft traffic in the Permian Basin and expand local aircraft storage capacity. It also aims to attract private-sector investment to land at Midland International Air and Space Port that has sat unused since the Midland Army Airfield era.
The $12.6 million total splits into $8.37 million in construction costs and $4.23 million in project-related expenses, with three bidders meeting all criteria and Reece Albert submitting the lowest qualifying cost. The city projects an additional $8.6 million in annual airport revenue, though the source does not detail how that estimate was derived.
The players
Reece Albert, Inc.
The contractor selected as the lowest-cost qualifying bidder for the Midland hangar infrastructure project.
Midland International Air and Space Port
The Midland airport facility where the new hangar infrastructure and private leases will be located on previously unused land.
The details
Private investors will hold long-term ground leases, constructing and maintaining hangars on city-owned land, and their lease payments will repay the cost of the improvements. Ownership of the property and structure returns to the city when the leases end.
Timeline
Early 2027: Construction is anticipated to begin on the hangar infrastructure.
End of 2027: Construction is expected to be completed.
Market Landscape
The project turns land at Midland International Air and Space Port that has sat unused since the Midland Army Airfield era into a private-investment hangar site. It positions the airport to capture more Permian Basin aircraft traffic through leases that return the improvements to city ownership.
Aircraft owners in the Permian Basin may gain additional local hangar storage as the project expands capacity at Midland International Air and Space Port. The city's Airport Fund will cover the project cost, and the private investor leases are structured to repay the improvements over time.
The takeaway
Projects that pair public land with private leases can add revenue and infrastructure without upfront private ownership, with the city regaining full control at lease end. Residents and aircraft operators should watch the 2027 construction timeline for new hangar capacity.
What happens next
Construction on the hangar infrastructure is anticipated to begin in early 2027 and be completed by the end of 2027.
Further reading
Explore more Midland Construction coverage for context on local building projects.
Source note: This article includes information reported by Midland Reporter-Telegram.
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