The airport was under an operating agreement with Massport. Under the agreement, the city and Massport paid the operating deficit together.
- July 1, 2004 – June 30, 2005 – Massport pays 100% of operating deficit not including debt service
- July 1, 2005 – June 30, 2006 – Massport pays 85% of operating deficit not including debt service
- July 1, 2006 – June 30, 2007 – Massport pays 68% of operating deficit not including debt service[30]
When the agreement ended, it was continued but I do not remember at what percentage. Finally on July 1, 2010, Massport became the owner and operator of the airport.
From 2004 to present the taxpayers may have paid abot $1,000,000 to cover Worcester Airport losses....
*** We have paid ten times that on Green Hill Golf Course during the same time period
Comments
received grants. That is money that all taxpayers fund.
I think in a few years Massport's decision to purchase and invest in ORH will be one of the biggest boondoggles in ours state's
history. On the other side, our City's decision to build the ballpark (and it's economic spinoff) will go down as one of the wisest. I think you guys got it backwards.
An updated proforma would at least give us an idea where we stood
AA's PHL pricing was indeed lousy but JFK seems very reasonable at $45 one way. It's the same for Delta.
Speaking of lousy pricing, JetBlue to JFK is expensive these days... $175 ORH-JFK tomorrow even though the seat maps are half empty. Flying on an almost full BOS-JFK is cheaper ($99 on JetBlue)...
https://simpleflying.com/the-usas-ridiculously-short-routes/