The Boone County Commission and the hospital's Board of Trustees reached an agreement Tuesday to extend the lease with the St. Louis company through 2020. After the lease is approved, BJC HealthCare's one-time donation will be invested in an escrow account to benefit the airport.
According to the Board of Trustees' statement, the airport is "a critical tool for physician recruitment." Board chairman Fred Parry was not available for comment Wednesday.
In addition to the donation to benefit the airport, BJC HealthCare will give another $500,000 to be used at the discretion of the Boone County Commission.
Lease payments to the county will be $1.6 million annually, with another $500,000 each year to address community health needs. That $500,000 will increase annually based on inflation.
The hospital has partnered with BJC HealthCare for 24 years, according to the statement.