Posted: Mar 2, 2010 8:37 PM by Courtney Meznarich
Updated: Mar 2, 2010 8:37 PM
San Luis Obispo County Regional Airport officials are warning the board of supervisors that the airport may not have enough money to cover operating costs next year.
In a status report, leaders say they may need to pull $500,000 from a loan that was intended for future development.
Richard Howell, the general manager of airport services, blames the deficit on the economy. He says "the big issue we have here, of course, is with the 2008 cutbacks, we don't have as many passengers. A passenger represents about $13 to us, and we're about 60,000 passengers short of where we were in 2008."
Airport officials say they hope a recent grant, meant to bring new airline service to the community, will boost revenues next year.
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