Real Property Leases
Leases of Canal real property may be considered in the event that use of the property is not temporary in nature and the use does not interfere with operations, maintenance or navigation of the Canal System. Generally, leases are progressed when the Corporation cannot sell the property; however, the applicant's proposed use must be acceptable. Leases are also favored when the requestor proposes permanent or costly improvements. A competitive process is usually required for most leases.