Tacoma to Receive $2 Million Less on Narrows Airport Transfer
The News Tribune reported yesterday that the price Pierce County will pay to obtain the Madrona Links Golf Course and Tacoma Narrows Airport has changed. Instead of paying the $5 million that was originally decided, Pierce County and the Peninsula Metropolitan Park District will only pay $3 million. Seem like a steal of a deal for an airport and a golf course?
Well, since Tacoma purchased the airport with federal grant money, it can’t be sold for profit, but only for the airport’s expenses over the last six years. The Federal Aviation Administration found that the original agreement of $5 million was estimated a little high, and that $3 million is a more appropriate price.
Here’s where it gets interesting: $5 million has already been earmarked to go to the City of Tacoma over the next three years. So, Pierce County and the Peninsula Metropolitan Park District have an extra $2 million floating around. Where will this money go?
Filed under: General
3 comments
M morgan October 30, 2008
I thought the City of Tacoma received an offer from a developer for something like $600 million. How can $5 million be too high?
E Elliot October 30, 2008
$600 million? If that’s true, that offer was a shill bid.
J John Sherman November 4, 2008
City of Tacoma has a number of issues to address that could cause it to loose more money and send its Municipal Water Utility ratepayers some refund money, and the new SAP computer system should be able to do refunds efficiently and with ease.
See CommencementBayOpinion.com `Ratepayer Defined Services Don’t Include Fire Hydrants’ (as Seattle found-out and Tacoma may now begin to understand—-don’t use defined services municipal utility(s) ratepayer money for what general government should have been providing always) available at
http://www.commencementbayopinion.com/?p=748