Airport Privatization Pilot Program

rpadula

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PancakeBunny
Does anyone know about this?

http://www.faa.gov/airports/airport_compliance/privatization/

Congress established FAA's Airport Privatization Pilot Program to explore privatization as a means of generating access to various sources of private capital for airport improvement and development. Private companies may own, manage, lease and develop public airports. The Act authorized FAA to permit up to five public airport sponsors to sell or lease an airport and to exempt the sponsor from certain federal requirements that could otherwise make privatization impractical. The airport owner or lease holder would be exempt from repayment of federal grants, return of property acquired with federal assistance, and the use of proceeds from the airport’s sale or lease to be used exclusively for airport purposes. The pilot program began in September 1997.

Of few airports to apply, the local home 'drome (KLZU) has applied. It's moving very slowly, but because one of the proposals includes bringing scheduled commercial service in, there's lots of NIMBY shown on the TV.

The last "discussion" of expanding LZU was in the early 90's, before I started flying, and that was shot down pretty darn quick.
 
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