When Air Wales stopped operating from there (2 years ago or so now), the local authority quickly pulled the plug on all funding and sold everything that wasn't nailed down.
For very obvious commercial reasons no one has been willing to invest in the place ever since.
I suspect that, having had it's chance to shine and failing miserably, it's doomed to rot away to nothing and become another housing development.
At least the taxpayers of the EEC won't have to continue to pay for another pointless subsidy.