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.