|Editorial: Horizon pullout has a bright side|
There’s money on that there Horizon!
We’re not talking gold but grants, in the wake of Horizon Air pulling out of Prescott Airport effective Sept. 1.
It’s been nearly two years that Horizon has been providing service locally, in addition to Great Lakes. What some people do not remember is Great Lakes is the federal Essential Air Service provider and Horizon came here because of local subsidy.
The deal was if Horizon did not achieve a rate of 78-percent full on its flights, Prescott and Prescott Valley would pay the airline $100,000 and $42,000, respectively. Well, that did happen – the payments, that is.
All told, at the end of the day, the City of Prescott paid out about $300,000, with the costs going into the revenue guarantee as well as improvements to airport security, City Manager Steve Norwood said previously.
The gold – er – grants come in because having two airlines here enabled the airport to surpass the 10,000-passenger mark, making it eligible for $1 million in Federal Aviation Administration money. The city expects to receive the grant next month.
Thus, while the flying public enjoyed service to California and other West Coast points because of the airport’s airlines, and it did cost the city a considerable sum – it’s not all lost with one of those companies pulling up stakes and moving.
In fact, Norwood told the Courier previously when you can spend $300,000 and basically more than triple your money, that’s a good investment.
We agree – if we do get the grant, which is not guaranteed.
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