Liset Marquez, Inland Valley Daily Bulletin
Created: 09/17/2012 03:50:48 PM PDT
PDF: Read the 2012 ONT Valuation Report
A report released Monday by Los Angeles World Airports detailed the value of the Ontario airport ranged from $243 million to $605 million, based on several factors.
The exact figures depends on how much the airport would bring in the next 50 years.
A 60-page document, “Estimate of the Fair Market Value of Ontario International Airport” was completed Wednesday by consultant Leigh Fisher.
“Because the airport can only break even, the value is equal to the outstanding debt,” according to the report.
The report by LAWA was prepared in response to a request by the Los Angeles City Administrative Office, which has been looking into the feasibility of transferring ONT to local control.
The report states that there are a number of factors which could change the value of ONT, including a reduction in airport operations as well as a growth in passenger traffic.
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