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AOPA Oz on Sunshine Coast Airport carve up - 

Via Youtube:

AOPA AUSTRALIA LIVE: SUNSHINE COAST AIRPORT

16 views  Streamed live on Jun 22, 2022  AOPA AUSTRALIA LIVE:  SUNSHINE COAST AIRPORT

Join AOPA Australia CEO Benjamin Morgan for an update on the ongoing situation at Sunshine Coast Airport in Queensland, following this weeks media coverage of the aviation industry's call to re-open the north-south runway for general aviation operations.

Sunshine Coast Airport is a community Council owned infrastructure asset that was privatised for a reported $605million and leased for 99 years to Palisade Investment Partners.  The airport is operated day to day by Sunshine Coast Airport Pty Ltd.

The Brisbane Times reported on 9th Feb 2017, that;

- Palisade will make total lease payments of $82 million to Sunshine Coast Council for the airport.

- Of that, $67 million will be paid by September 2017.

- Palisade will also pay $290 million by the time the new runway is completed in 2022.

- Palisade will also pay $205 million, 5 per cent of airport's gross earnings, to the Sunshine Coast Council as rent for the facility over the 99-year lease.

- Palisade will manage the future development of the airport, saving Sunshine Coast Council $28 million.

- The Sunshine Coast Council will pay $319 million for the construction of the new airstrip.

MTF...P2