Nostalgia is great but it doesn't make money.
The fact is that far bigger airports than Plymouth are struggling to come up with 3 to 5 year plans to convince their investors to continue the cash flow for the future.
Turning Plymouth Airport into a housing estate or an industrial estate is a far better return for the current lease holders and the land owners, as both will benefit from a substantially larger annual return than the airport could ever have provided.
If any of you can come up with a viable alterantive, I challenge you to provide it.
Plymouth is well served by both Exeter an Newquay Airports, a reasonable road network and a comparatively good rail link.
Why should private, or public funding (tax payers money) , secure the commercial future of an airport which doesn't have one?