The land had been appraised at $1.785 million.
Although high bidders signed contracts Thursday, all bid contracts are subject to final approval by the Cleveland Municipal Airport Authority.
Board member Verrill Norwood said the authority is scheduled to meet again June 27. He does not expect a special meeting to be called before that date.
While the individual plots with hangars on them each brought their appraised value, lots 1-4 that were auctioned as a group received an ending bid of $750,000. The 57.34 acres had been assessed at $1.49 million.
Joe Stamper, Allen Jones, Bobby Garrison and Chuck Jabaley provided the ending bids.
Stamper won tract No. 5 for the appraised value of $80,000. The section of the former airport had several small hangars on it.
Jones won tract No. 6, which had his former airplane hangar on it, for $37,000 — $7,000 above the appraised value. None of the other tracts with hangars on them went for more than the appraised value.
Contracts stipulate the land cannot ever be used as an airfield again.
Jones was also the highest bidder on the 57.34-acre tract of land that included the runway and largest airplane hangar.
Jones said he was interested in the portion of land because he owns adjoining property, although there are no plans for the property at this point.
“I’m really glad to have other people on these pieces around, it will keep [business] activity out here,” Jones said.
Jabaley also bid on the land on which his former airplane hangar sits.
“I own the hangar building on it so it makes sense for me to buy the land,” Jabaley said.
He said he planned to continue using the building as a personal office.
Garrison won tract No. 8 with one hangar on it and tract No. 9 with three buildings on it.
Jones said he had wanted the city to use the school “for a school or something.”
“The property has some unusual problems,” Jones said.
The main issues being in getting to portions of the side. He said there was no access to nine acres on the south of the property.
“You cannot get to that piece of property right now. There is a 15 feet right of way that comes right through a guy’s yard,” Jones said.
There is an acre of land that was not a part of the sale and had never been a part of the airport that sits between the end of the runway and another piece of airport property.
“I would have loved to have seen the 57 acres bring more. A wonderful fella bought it who I am sure will do something great with it,” auctioneer Lynn Dempsey said. “I’m glad that these people who had owned these hangars were able to buy it.”
During the auction, Dempsey stated the auction company wanted to “raise as much money” as it could through the auction. Proceeds from the sales will be used for the Cleveland Regional Jetport.
“This land is perfect for growing million-dollar houses. …buy this land, do a little work on it and see where you can go,” Dempsey said. “You are talking about an investment in the future.”
Despite the auctioneer’s appeal to have someone bid on the entire property no one did.
There were also bids made on combinations of previously auctioned. There were 10 registered bidders at the start of auction.
Each winning bidder, if approved by the airport authority, will also pay a 10 percent fee to Dempsey Auction Company.