PPRuNe Forums - View Single Post - DURHAM TEES VALLEY AIRPORT - 4
View Single Post
Old 1st Jun 2007, 13:34
  #197 (permalink)  
skyman771
 
Join Date: Feb 2005
Location: NE ENGLAND
Posts: 958
Likes: 0
Received 0 Likes on 0 Posts
Why put in for all that development of the airport facilities, terminal, hotel complex etc, and go through all the planning applications, if they want to shut the site down?
.........If this were the only sound grounds one could put forward for the retention of DTV then you would indeed be treading on thin ground ! Firstly any development commercial or residential would be enhanced by an improved transport infra structure. Secondly regarding the site itself, the more planning that is approved on the site, the better, as once granted, would be difficult to revoke and quite possibly able to be substituted for other use,albeit possibly not from commercial to residential use. Such moves may only strive to increase the value of the site. Possibly what you should ask is actually how much has Peel invested of their own money on such projects that is in the greater scheme of things irrecoverable ? I believe they came out very well indeed with Sheffield and even what could potentially have been deemmed as expenditure written off on the construction of a terminal was to an extent recovered by it's conversion into office space What you need to consider that DTV in private ownership is a business the same as any other, and if there is no return on the capital invested then it becomes under increased scrutiny as to how to deal with this. There are of course many options, but if revenue can not be generted from pax, then other avenues need to be considered.
skyman771 is offline