With the projected cost to the city to close the Airport now
over $1,000,000, before the inflated airport cost by the city to operate the
airport, you have to wonder about what is really happening. Depending on the fair market value of the airport
property, which is up to the FAA, cost could go much, much higher.
If the airport cost the city $10,000 a year to operate, and
there are 1500 households in the city, it would cost each household $6.66 a
year. The closing cost starting at $1,000,000,
it is going to cost each house hold $666 dollars. That is a 100 year payoff.
Let’s say for example the property is worth $20,000 per
acre. That would increase the cost per
household to almost $1500, and would take 200 years to equal out.
