Source: By Jeff Bishop, The Times-Herald (GA), Monday, June 09, 2008
Although there’s currently a lot of buzzing about the possible privatization of the Newnan-Coweta Airport, this isn’t the first time the airport has flown in that direction.
The headline of a March 23, 1997 edition of the Atlanta Business Chronicle trumpeted: “Newnan airport first to privatize.”
……… Lawrenceville-based Airport Technologies won the bid and did indeed manage the airport for a brief time. The plan of the company was to attract businesses to the airport and market it to executives worldwide to “transform the Newnan-Coweta County Airport into an economic engine that will generate between $25 million and $50 million for the area within five years.”
It didn’t work out quite that way.
……. The big money never materialized. In fact, Gay said, “We felt like we could do the same things, but in a more cost-effective way. We decided it would work better to have the financials handled through the county, rather than pay a contractor to do it.”