BREAKING NEWS - Council tax payers will not be hit by airport cash crisis.
Published Date:
05 September 2008
DONCASTER'S Robin Hood Airport faces a cash crisis after councillors today refused to bail out operators with hardship relief worth nearly £4 million.
Peel Holdings - owners of the airport - lost its appeal for exemption from paying business rates for five years at a council meeting.
This year the airport paid rates of £803,880 for its site at Finningley.
Airport bosses have now said they cannot afford to market the airport and Doncaster overseas in a bid to attract more people to the area.
If granted, the local authority would have had to pass on a shortfall in its income of nearly £1 million to tax-payers which would have seen council tax bills rise by 1.1 per cent.
Airport bosses had argued the business rates represented a "very significant overhead" and not paying them would have allowed Peel to increase its overseas marketing to encourage more airlines to use the £100m development.
The council declined the appeal - which had initially been rejected last year - stating the case did not satisfy the necessary criteria to be granted under Local Government Finance Act 1988.
For more on this story see Thursday's Free Press
The full article contains 206 words and appears in n/a newspaper.
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Last Updated:
05 September 2008 2:16 PM
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Source:
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Location:
Doncaster