Reese Continues Negotiations with Riata - KCBD NewsChannel 11 Lubbock

3/21/03

Reese Continues Negotiations with Riata

Lubbock isn't writing Riata off just yet. The Lubbock Reese Redevelopment Authority received a letter on Thursday from Riata acquisitions canceling a multi-million dollar deal for it to occupy and maintain a jet service company at Reese Center. After negotiations Friday afternoon Riata is reconsidering its options. Reese was supposed to finalize Riata's 99-year lease by the end of this month. Now, Riata is asking to extend negotiations.

If successful, the lease would allow Riata to use 39 buildings, five hangars and two runways at Resse Technology Center.

It would also generate 800 jobs and $7.6 million in revenue to the City of Lubbock.

  • Local News on KCBD.comNewsMore>>

  • Ex-Trump campaign aide pleads guilty in Russia probe

    Ex-Trump campaign aide pleads guilty in Russia probe

    Friday, February 23 2018 12:14 AM EST2018-02-23 05:14:34 GMT
    Friday, February 23 2018 3:49 PM EST2018-02-23 20:49:45 GMT
    (AP Photo/Alex Brandon, File). FILE - in this Feb. 14, 2018, file photo, Rick Gates departs Federal District Court in Washington. In a dramatic escalation of pressure and stakes, special counsel Robert Mueller filed additional criminal charges Thursday...(AP Photo/Alex Brandon, File). FILE - in this Feb. 14, 2018, file photo, Rick Gates departs Federal District Court in Washington. In a dramatic escalation of pressure and stakes, special counsel Robert Mueller filed additional criminal charges Thursday...

    Special counsel Robert Mueller has filed additional criminal charges against President Donald Trump's former campaign chairman and his business associate.

    Special counsel Robert Mueller has filed additional criminal charges against President Donald Trump's former campaign chairman and his business associate.

  • Woman crashes car into White House security barrier

    Woman crashes car into White House security barrier

    Friday, February 23 2018 3:45 PM EST2018-02-23 20:45:04 GMT
    Friday, February 23 2018 3:49 PM EST2018-02-23 20:49:17 GMT
    A woman driving a vehicle near the White House hit a security barrier. (Source: Raycom Media)A woman driving a vehicle near the White House hit a security barrier. (Source: Raycom Media)

    A woman driving a vehicle near the White House hit a security barrier.

    A woman driving a vehicle near the White House hit a security barrier.

  • After school shooting, Florida leaders propose new gun laws

    After school shooting, Florida leaders propose new gun laws

    Thursday, February 22 2018 11:34 PM EST2018-02-23 04:34:46 GMT
    Friday, February 23 2018 3:46 PM EST2018-02-23 20:46:58 GMT
    (Mike Stocker/South Florida Sun-Sentinel via AP). Mourners attend the funeral service for Marjory Stoneman Douglas High School assistant football coach, Aaron Feis. at the Church by the Glades in Coral Springs, Fla., Thursday, Feb. 22. 2018. Football p...(Mike Stocker/South Florida Sun-Sentinel via AP). Mourners attend the funeral service for Marjory Stoneman Douglas High School assistant football coach, Aaron Feis. at the Church by the Glades in Coral Springs, Fla., Thursday, Feb. 22. 2018. Football p...

    'Abject breakdown on all levels': Florida high school where ex-student accused of fatally shooting 17 people reopening to teachers Friday amid revelations an armed officer on campus did nothing to stop suspect,...

    'Abject breakdown on all levels': Florida high school where ex-student accused of fatally shooting 17 people reopening to teachers Friday amid revelations an armed officer on campus did nothing to stop suspect, other issues.

Powered by Frankly