A story in the Chicago Tribune reports that Galt Airport will go on the foreclosure auction block this week over a debt of $16 million. The story notes: “Galt has some quirky characteristics — including a cabin in which hangar tenants can spend the night — but its story reveals some of the pressures facing small, general aviation airports. A downturn in business, high gas prices and potential redevelopment threaten the existence of the 62-year-old airfield, much to the chagrin of the student pilots, aviation enthusiasts and others for whom Galt has become a social hub.” Read the full story here.
Galt Airport on auction block
June 20, 2012 by 1 Comment