Originally Posted by
SWBKCB
Public ownership and then what? Continue to run at loss with a permanent subsidy from the taxpayer?
Potentially yes. Teessideand their Mayor have been absolutely blunt about the future of their airport. If it doesn’t turn round in 15-20 years, and has to close then the land value they will accrue, will still far outweigh the purchase price of the site from Peel. So they’re speculating and spending now to accumulate in the future regardless of whether the airport survives. That’s likely to be a similar position for DSA in terms of land value.
If South Yorkshire councils played the same long game there’s a good business case for a similar purchase. You’re not going to arrange it in less time than it takes to sell a two bed terraced house in Rossington though.