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Huge financial losses for taxpayer subsidized FBO at CHA
Chattanooga Metropolitan Airport officials admit their plan to use millions of taxpayer dollars to compete against a private company that services private jets is already losing money — more than $300,000 thus far, and counting. (tennessee.watchdog.org) Ещё...Sort type: [Top] [Newest]
From what I have learned, the private operator in this case (TAC Air) is subsidizing their landlord's general operating fund with the highest flowage fees ($0.13/gallon) of any airport in Tennessee and possibly in the USA. They remit 2% of their gross monthly revenues, pay a monthly landlease and submit to the airport authority's privilege to financially audit tennants annually. The Authority at this airport has been attempting to create the appearance that they are not a part of the local government with an ability to impose taxes; however, this Airport Authority Corporation's Board of Directors is appointed by the Mayor of Chattanooga, TN. The Authority's President (which is currently vacant) is selected by the Mayor's appointed Board with input from the Mayor. The fees (taxes) at this airport are set and approved by the airport's Board of Directors; therefore, every member of the general tax paying public that buys an airplane ticket or parks in one of the airport's vehicle parking lots does and will subsidize these losses.
...in attempt to be accurate, the Board of 'Directors' at this airport are actually Commissioners. They are identified as the Chattanooga Airport Authority Board of Commissioners, serving at the pleasure and request of the city Mayor. According to Websters Dictionary, com.mis.sion.er n 3: an official in charge of a department of public service
Got a little "smell" to it.
typical government response,"it's only money".Problem is that their losses are about
$200 grand over what they originally anticipated. They say they are on target yet can't produce documentation to where they ever said that. Bureaucratic CYA. IMHO
$200 grand over what they originally anticipated. They say they are on target yet can't produce documentation to where they ever said that. Bureaucratic CYA. IMHO
That was in 5 months of operation. It'll be ok though when the big economic boom hit!LOL
oh yeah!!!lol
I have told people for years that the USA was and is no more than another paradigm of the former USSR..a bit like a black and white negative seen in reverse.
Looks like we are headed that way. The powers that be will not stop until they break the system.