Originally Posted by
Grumpy1
The origional Peel plan for the development of the airport included the South Side site to generate rental income for the airport as suggested by Cautious Optimist.
Forgive me for being slow but now that the site has been given to Messers Corney and Musgrave I assume that if the project is ever completed then any income will go to them. In the circumstances, what is the benefit to the airport?
This is a genuine question as others who have asked similar questions of the mayor have been ignored and blocked. Similar response to enquiries about the process in which the the airport "lost" this asset.
It appears to be a 50/50 split - certainly the Mayor has talked about rent from the Southside being used to return the airport to profit.
Peels original planing permission for the Southside had restrictions requiring a percentage of aviation use - this was eroded over the years. Didn't think there are any such conditions now.