Just heard the news but saw it coming some time ago. As someone who regularly uses Shoreham this is very bad news, and is largely a result of mismanagement by the dodgy outfit that has been running the airport. I sincerely hope it doesn't turn into another retail park or housing estate but that seems to be what everyone other than local pilots wants.
With movements ceased you can bet that many of the companies based there will go under and then the spiral dive towards 'brownfield eco-village' is fully developed.
Perhaps Erinacious should be renamed Avaricious. W@nkers.