City Council Considers Matter of Privatizing LGB

http://www.latimes.co...


Long Beach puts airport privatization on agenda
The City Council is expected to discuss leasing some or all operations at the city-owned facility to private investors. The airport generates $28 million a year and is self-sustaining.
By Dan Weikel and Louis Sahagun
January 6, 2009
In a closed meeting scheduled for today, the Long Beach City Council is set to discuss whether to lease some, if not all, of the city's small commercial airport to private investors, a move that could generate millions of dollars in municipal revenue.