Checkerbird writes:

A couple years ago my city bought a privately-owned airport (City of
Wichita Falls TX, Kickapoo Airport T47) amid lots of political
controversy that the city would be "subsidizing rich people's
toys". But the airport has been profitable for the city, not only
paying *all* its operating expenses, but also the past year's budget
reports show the airport funneling about $77K profit back into the
city's general funds. Surely Iowa City's airport, if managed wisely,
ought to be able to support itself as well.

From what I could gather in the newspaper story, the problem is not
the airport's general operations, but the cost of servicing a loan for
a bunch of hangars that the city perhaps shouldn't have bought. That
throws the story's conclusion a bit into doubt -- if the airport were
to close, the city would still have to pay off that loan, and would
have no offsetting revenue.

Jay: aside from the hangar loan, how close is the airport to breaking
even on operations?


All the best,


David

--
David Megginson, , http://www.megginson.com/