Article in today's paper from Councilor Irish says
“Currently, we are only engaged with Massport about the airport’s future and that may not necessarily get us the best deal possible for this valuable asset,” Mr. Irish said. The councilor said he would like to see the city manager meet with investment bankers to see how the city can pitch the airport to groups that deal with infrastructure funds.
I could not agree more; however we have been saying this very thing since right after the current agreement was signed in 2004. Let me set the record straight: The idea of privatization (section about it) was brought to Chairman's Nemeth attention who told us to submit the concept of privatization to the February, 2005 Airport Board Meeting. Instead I have had to read editorials by Mr Nemeth that we should sell ORH to MassPort, which I always think was and is conflict of interest as an Airport Board Member. In the end the idea was dismissed, since IMG did not feel there would be any potential buyers. This never made any sense to me then or now and as I have said what did we have to lose to attempt it. In fact is there not a fiduciary responsibility to the tax-payers of Worcester to get the highest return on our assets?
I agree whole-heartedly with Councilor Irish (and Councilor Rosen who has been saying this also for months), but let me add that we should invite the airport authorities that run Providence, Hartford and Manchester to ORH. In addition, maybe more importantly, we should invite National Express, the company that took Stewart Airport in Newburgh, New York private, but has recently sold the airport back to the Port of Authority of New York and New Jersey for a rather large profit. Let us not forget Harry Tembenis suggestions that we should consider European Airlines that may want to set-up shop in the US like Ryan Air, Easy Jet and Virgin America. I say call Eclipse, SouthWest and JetBlue to see if there is any interest there. Bottom line leave no stone unturned.
Lastly I commend Councilor Irish for putting this idea forward, but wonder why we did not start doing this the day the current agreement was signed on July 1st, 2004, rather then two months before the expiration when we will own 100% of both the operating deficit and debt service. Is 60 days enough time to do all of this?
Cemetery Barn – May Update - At the last meeting of the Hope Cemetery Commission, we walked through the barn with the Friends of Hope to review the condition. As I said a couple of wee...
8 hours ago