Airport Correction

A good friend sent me an e-mail yesterday.   The city does in fact expect to save $2,000,000 per year from operations (debt service and their portion of the operating losses).   That savings, however, has already been incorporated into the 2011 budget. 

The story yesterday is referring to the City Manager using "one-time" $2,000,000 of the proceeds from the sale of the airport to apply against next year's budget deficit.   In total the sale of the airport is looking to provide $4,000,000 towards fiscal 2011 (2,000,000 from operations and 2,000,000 from the sale).

This begs the question, however, what are the details of the sale?  Maybe we should know that before we spend $2,000,000 of the proceeds?