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Long Beach puts airport privatization on agenda

By Dan Weikel and Louis Sahagun In a closed meeting scheduled for today, the Long Beach City Council is set to discuss whether to lease some, if not all, of the city's small commercial airport to private investors, a move that could generate millions of dollars in municipal revenue. The idea has already sparked controversy over whether such an important policy matter should be considered in secret and whether relinquishing control of a valuable city asset to a private company would be in the best interest of the public. To continue reading this interesting article from the Los Angeles Times please click here.

Full post as published by The Trade Secrets Vault on January 07, 2009 (boomark / email).