First of all the six Labour Councils sold off the airport for £500k when it had land value at the time of £40m.
£500k split between six councils ain't going to boost any of the six councils coffers by very much.
Why didn't the Councils sell it off for far more then £500k. Well the reason follows nicely onto the next point.
You say that it is a bare faced lie that narritive was to close off to build houses. Belive me it is no bare faced lie at all.
This is quote from a Council Director who was involved with signing deal off. Who had talked to me about the airport and the reasons.
"The Councils wanted the airport closed but couldn't be seen to do it themselves as it would be political suicide. The Councils wanted Ingleby Barwick MkII built across the whole airport site. The Councils mainly Stockton/ Darlington would reap huge benefits from huge amount of Council Tax from the new houses."
That’s not true. Peel were given permission - as expected for a private sector business - to close the airport should it not be able to stem the losses. They were NOT planning to close the airport, even though the option was there. They wanted to build houses to help fund the proposed business park that it was envisaged would help subsidise activity at the airport. Houchen and his mates (one of which I presume you spoke to) used the airport as a political pawn to gain votes. That is all.
Anyway, the airport is a loss leader and is far from a going concern. At what point does nearly £100million in tax payer subsidy become a good investment of public money? That is a stupendous amount of money for an airport that will never meet the ambitious outlined in its flimsy business plan. Add to this the fact that Eskern ‘left through mutual agreement’ only half way through their agreed term, to be replaced by a Teesside Airport Foundation, which allows for the Airport company to avoid scrutiny through FOI, you can draw no other conclusion than this is a publicity stunt by another one of Boris Johnson’s toxic politic and is at least dodgy if not stinking of corruption.
Peel, on their parting with the airport, advised that the operator would need an investor with limitless money. Does that not sound similar to DSA?
Truth, as unpalatable as it may be, is that small airports have become the victim of widespread consolidation in the air passenger market. Whilst Teesside (and Humberside) were successful with the charter airlines of the past, there are now only one or two. Risk for low-cost airlines is far too high to be trying to set up bases at backwater airports, airports themselves cannot make money from such a venture unless they reach a critical mass far higher than most of their catchment areas can sustain. These airlines are not only enticed by low to no handling charges, as evidenced when Houchen tried to poach Wizzair - who ended up at LBA - as if there ain’t the passengers there are no money to be made no matter how much an airport may or may not charge.
Perhaps if the airport is a loss leader then let the market dictate whether it is a success or becomes a housing estate. As it would appear this is only kicking the can down the road. Soon as Houchen moves on or is replaced the airport will be one of the first to take a hit. Run it in a realistic manner with a proper sustainable business plan to the point it is at least losing a manageable amount and it might be safe and a justifiable cost to shoulder, assuming KLM stick around.
As things stand the airport is being run as an expensive vanity project, and there are very few if any actual industry experienced people leading it.