Discounted tickets help airport keep subsidy
In this economy, or in any other one for that matter, who wouldn’t like a 17,000 percent return on their investment? That’s how much Hancock County is expected to get in return when it decided to invest $5,000 in offering heavily discounted and free airplane tickets at its airport at the end of 2009. The county’s goal in the deal was to meet the Federal Aviation Administration’s threshold for providing the airport with $1 million in annual entitlement funds. To get the money, the airport has to have an annual total of at least 10,001 enplanements...........
So the County rolls the dice and spends $5000 to ensure the subsidy level stays at $1 million.
Good or bad investment?