LA TIMES: Audit Finds Ontario Airport Worth Much Less Than LA Is Asking
The LA Times reports that in Ontario's legal battle to gain control over LA/Ontario International Airport, a new audit contends that the sale price offered by Los Angeles is inflated by at least $181 million. If Ontario wants the airport back, Los Angeles officials have said, the Inland Empire can buy it for about $400 million. LA/Ontario is a valuable asset, they say, and Los Angeles World Airports, which has operated the airport since 1967 along with Los Angeles International and Van Nuys, must "be made whole" and recover its investments.
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