June 21, 2007

Telegram Story

Here is the story from the Worcester Telegram regarding the extension. Please note that even when MassPort takes over ORH either through a long-term lease or outright sale that the debt service will still be the responsibility of ORH, which is approximately 600,000 to 700,000 per year.

We need to invite companies like National Express, who ran Stewart and are selling it for a a tidy profit, and investment bankers as Councilor Irish has recommended to look at ORH.

2 comments:

Anonymous said...

If you want to see something sad, go check out the 2008 budget for The Fitchburg Airport http://www.ci.fitchburg.ma.us

Salaries: $249,024
Expenses: $768,176

Of note is the fact that $589,076 of the $768,176 budget is for aviation fuel and oil, which, presumably, is for resale. That means Fitchburg spends $428,124 in total on their airport next year.

Anonymous said...

If you want to see something sad, go check out the 2008 budget for The Fitchburg Airport http://www.ci.fitchburg.ma.us

Salaries: $249,024
Expenses: $768,176

Of note is the fact that $589,076 of the $768,176 budget is for aviation fuel and oil, which, presumably, is for resale. That means Fitchburg spends $428,124 in total on their airport next year.

- CF