PPRuNe Forums - View Single Post - DURHAM TEES VALLEY AIRPORT - 4
View Single Post
Old 18th Aug 2008, 08:09
  #1262 (permalink)  
Parsnip
 
Join Date: Apr 2008
Location: North east
Age: 70
Posts: 68
Likes: 0
Received 0 Likes on 0 Posts
Glans tomlinson is right. At the risk of repeating my previous posts, Peel bought the airport for a bargain basement price. Their intention short term was to run an airport, with a pretty big industrial estate created to add value. Peel have invested a minimum amount of cash , the taxpayer sadly has been scammed for the rest. Credit crunch has scuppered the short term plan, but the long term has always been and will remain the creation of 200 ir so acres of industrial/office accommodation. Its called property development and it is what Peel do best.
Parsnip is offline