Green Light: JPMorgan Chase Gets Go-Ahead for Corporate Jet Hangar

JPMorgan Chase, the recipient of $25 billion in TARP funds, has been awarded a long-term lease to build "the premier corporate aircraft hangar on the eastern seaboard" in Westchester County, NY, after the county's Board of Legislators gave the bank the thumbs up yesterday to take over a 53,000-square-foot hangar at the local airport outside New York City. The hangar will be used to house the bank's private jets, with a planned upgrade including nearly $120 million for two Gulfstream 650 planes...Full Story
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