Originally Posted by
Blue Skies
Apart from the strategic value to Auckland, on a purely financial basis, why would you sell an asset (Auckland Airport) which is projected to return $40 million per year in dividends, & has produced substantial capital gains, $140 million just while these discussions are taking place, providing added financial security to the Council,
when you could sell the Golf Courses (of similar value to Airport shares ) which on borrowed money are costing $100 million per year in interest & produce zero return to the Council? ( did someone say the Omaha golf course pays the Council $5.00 per year ! )