Major Concession Law and Legal Definition
Major Concession refers to a type of commercial concession where concession is entirely on project land with gross fixed assets or annual gross income over $150,000. A commercial concession is a grant of civil works project by leasing Army controlled real property to a private party for providing recreational services and facilities to the public at fair market value while seeking to make a profit.
The following is an example of a case law on major concession:
A major concession shall mean a concession that has significant land use impacts and implications, as determined by the commission, or for which the preparation of an environmental impact statement is required by law. All major concessions shall be subject to review and approval. [Dist. 4 Presidents' Council v. Franchise & Concession Review Comm. of City of New York, 2008 NY Slip Op 50173U, 3 (N.Y. Misc. 2008)].