TERRE HAUTE —
Sometimes those wild and crazy ideas pan out in big ways.
“We can close out two loans by the end of this week, if everything goes according to plan,” Terre Haute International Airport director Dennis Wiss happily told his board Wednesday evening, after announcing the success of its plan to sell airplanes on eBay.
After hearing bids for several planes at the May 12 board meeting, board member Ron Danielson suggested the airport list those planes on Internet auction site eBay as a check against the offered price.
Wiss admitted he was initially skeptical of the idea, but since it was free, he had no qualms. At Wednesday’s meeting though he announced the successful sale of not only the planes advertised, but a few others the buyers checked out. The seven planes sold brought in a total of $281,036.97.
Wiss said the proceeds can be used to immediately pay off two of the airport’s four mortgages, with some revenue left over to refinance the third. In addition to the buyers, who will be wiring cash to the airport this week, Wiss said the auction site has drawn a considerable amount of interest to the facility by airplane brokers. The administration hopes to replace the sold airplanes by leasing, instead of buying, other planes. The planes sold included three Cesna 152s, three Cesna 172s and one Decathlon.
Brian Boyce can be reached at 812-231-4253 or brian.boyce@tribstar.com.
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