Last week I attended a public meeting where the new LRT CEO was fielding questions. Just like the Dart he was talking about LRT funding phase one expansion by borrowing money from the Council rather than the traditional path of getting the airport operator to carry the risk and fund it through an extension to the existing concession agreement.
LRT is already a debt ridden company that no longer pays a dividend and that had to be bailed out by the Council so no lessons learned. When questioned further he had no idea about the Council bailout. Maybe that vital information was kept from him? We have to remember that Luton Rising Temperature is a house of dark secrets.
Last edited by LTNman; 26th Oct 2023 at 05:07.