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On Tue, 11 Apr 2006 22:07:51 GMT, "Tom Conner"
wrote in et:: GA airports generate revenue, but measured as dollar/acre GA revenue is abysmal. Virtually any other economic use of airport land will produce a tremendous amount more of $$$ than GA. Agreed. The airport's value lies in it's existence in the nation's/world's infrastructure as a portal for aerial transport. Further, the value of the real estate upon which the airport is sited is obviously not in the revenue the airport generates for the municipality operating it. And the value of the property tax on the real estate if it were zoned for development would surely be several times more than the airport pays. Both economic issues motivate airport closures as do noise complaints and developer lobbying. But consider the future. If the airport real estate is allowed to be subdivided into residential lots, the municipality's reacquiring the property in 2020, when a local airport is being demanded by the citizens, may prove difficult and unpopular. There are a lot of issues in life that require foresight to achieve long term goals, rather than failing to plan ahead in the face of immediate gratification. |
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