Atlantic City International Airport was originally established in 1942 as a Naval Air Station on 4,312 acres leased from Atlantic City. In 1958, the lease was transferred to what is now the Federal Aviation Administration. The property was sold to the federal government for $55,000 to provide a site for aviation test facilities but with a reverter clause, giving the city the right to buy the acreage back for the same price should the federal government cease to use it.