- Click here. Look like the credit markets have sunk the idea of Midway being privatized.
- Click here. How Branson started off as a private airport and has succeeded!!! Investors have put down 155,000,000 on Branson!!!!!! Now tell me that there is nobody out there that would invest in ORH.
Couple things that I have been very consistent on in this blog. First, the City of Worcester does not belong in the airport business. Second, if or when MassPort takes over ORH, it will be a big improvement. Third, for the life of me I just can not figure out why we did not put the entire airport up for sale via a long-term lease or outright sale?
In fact is there not a fiduciary responsibility for to get the highest price for a public asset like ORH? I am not being a Monday morning quarterback here either. Although MassPort will be better then what we have now, I can not help but ask what we missed out on.
6 comments:
Excellent research, Bill...
Props to Steve for his research efforts as well.
BIll, my take has always been that the city council loses complete control over the airport if privatized with a for profit company and once a body of politicians have fiefdoms established they are very unlikely to give them up.
With Massport in charge (which i dont agree with) the city council can still exert political political pressure on them, at least to a much greater extent that with a truly private owner.
What our council better dam watch out for is that Massport has eminent domain powers...now if those powers extent to road builing then seller beware......or maybe the council knows we need the access road and when it does finlly happen the council can just pass the buck and blame Massport when Hadwen park is excavated. Dirty tricks??
Bill ,whats with the pics of Coney Island............you trying to give poor Harry hunger pangs?
In the interest of fairness & parity, can we get some pics of Guinness beer up here too.....
Jahn makes a good point about the Coney island pic... I have been down there too many times since Bill posted that... if a Guinness logo goes up, it will be gangbusters business for EVO !!!
Harry T
Worcester,MA
I am heading ovah to EVO right now
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