$1 billion Kingman airport plan off the table until officials learn more
KINGMAN – Until city officials learn more about the business and financial background of James Heldman, his proposal to buy the Kingman Airport and Industrial Park for $1 billion is dead in the water.
Mayor Monica Gates pulled the item from the City Council’s Dec. 20 agenda, the second time the proposal has been quashed.
“I think it’s important moving forward that we have clear criteria when someone comes to the city,” Gates said Wednesday in a call to the Daily Miner. “We certainly want to entertain every opportunity for economic development, but we have to make sure they’re legitimate before spending valuable time and resources of the city.”
Heldman, chief executive officer of Crown Western Co., claims to be part of an investment group called Timber West Consulting that wants to buy the 4,000-acre airport property and all leases and contracts with the Kingman Airport Authority.
Read more: http://www.havasunews.com/news/billion-airport-plan-off-the-table-until-officials-learn-more/article_23eedec6-e1c2-54ae-a8e5-20a665026583.html
