Wall Street Journal: Westchester County’s Airport Plan Hits Some Turbulence
“Jonathan Wang, chairman of Citizens for a Responsible County Airport, notes the cap doesn’t apply to private planes and corporate jets, which make up about 80% of the airport’s operations. And the Westchester County Board of Legislators will now have a financial incentive to change the local law to raise the passenger cap to make more money once the airport is privatized, Mr. Wang said.
The county and the private operator will “have a strong incentive to increase profits whether by increasing the number of operations at the airport or by cutting costs on things like security or environmental protection,” said Mr. Wang, who lives in Purchase, N.Y.”
Wall Street Journal: Effort to Privatize Airports Fails to Take Off
“Oaktree Capital Management LP of California and Grupo Aeroportuario del Sureste of Mexico paid $615 million for a 40-year lease to operate the airport in 2013. In May, Oaktree sold its 50% stake in the venture for $430 million.
Oaktree is bidding for Westchester County Airport, in partnership with Connor Capital of California.”
- Please attend the Airport Rally, and encourage your neighbors and friends to do so. Here is the easily shareable Airport Rally Facebook Event. The official Airport Rally Flyer.
- An easy introduction to the issues is in the Westchester Airport 1-Pager.
- Write a letter to the editor for your local newspaper
- Write or email your county legislators using the online form if you haven’t already done so!
- Have your friends sign the easy Online Petition.
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