But that's the point, Teesside is being run as a commercial business and has a business plan.
My question to you then is how is Newcastle going to pay the £153m back if lenders decide that there is too much risk post Covid?
Just so you are aware as well as I'm guessing you havent taken the time to read these accounts yourself. Newcastle Airport actually owes the councils £70m+ which between 2018 and 2019 wasnt actually paid down on either. So Newcastle have had money from a magic money tree as you put it!