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> $16M/yr for both the airport and the port Oakland should just sell them both to condo developers. They could probably get a few billion dollars for the nice
by m-j-fox 10y ago
> $16M/yr for both the airport and the port
Oakland should just sell them both to condo developers. They could probably get a few billion dollars for the nice waterfront property.
- joosters 10y agoThat's also an idea proposed for London City airport. It's prime real estate in a city desperate for more housing, it handles relatively few passengers, causes large amounts of pollution and noise problems, and its USP of being so central will be diluted when the faster trains to Heathrow are completed. On top of that, the airport doesn't actually make much money (in terms of £/area). I wonder if it would make sense for an investor to buy the airport, shut it down and sell the land for housing, surely the land is worth £billions for property developers?
- eru 10y agoI'd suggest: the government should make sure the zoning allows for airport _or_ housing, and then just sell to the highest bidder.