Saturday, February 19, 2011

Rockhampton Airport Sale Option to Return (??)

The Rockhampton Morning Bulletin Newspaper reported on Tuesday 15 February that the sale of Rockhampton Airport could be back on the radar sooner than many thought.

This comes after the Mayor of the Rockhampton Regional Council, Cr Brad Carter, was asked on morning radio if council would reconsider selling the valuable asset. The airport suffered extensive damage in excess of $1 million during the recent floods and needs a major injection of funding to become flood proof.

Cr Carter said that selling it is “certainly is an option”.

The issue was likely to be discussed this week as part of council's long term financial management strategy. The Council is looking at how to handle a budget black hole of at least $3 million from the floods. This could be even higher if ratepayers have to absorb further costs, such as repair work to the airport.

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