Lumberton Lost Money.....AGAIN!
I'm sure the Gold Coast Skydivers are thriving since they're paying $350/month for control of an entire airport but that revenue is not getting reported. At the last meeting with LeAnn Igo, a board member asked to see the financial records of the skydiving group, a requirement of the lease agreement, but I'm not sure if it was ever received. Just a few months ago, the board was struggling, trying to find money to pay for a $15,000 (an estimation) beacon for the airport. Sadly, they're not charging enough in rent to cover the city's portion of matching grants. More money lost. The non-matching grants that were recently awarded cover 75 percent of costs for large and medium primary hub airports, and 90 to 95 percent of costs for small primary, reliever and general aviation airports. I'm sure Lumberton could have used that grant money but they continue to make poor business decisions. Thankfully, they only have 2 more years in office.