The City of Bridgeport Airport Commission has approved the sale of Bridgeport Sikorsky Airport to the Connecticut Airport Authority for $10 million.
According to a statement released by the Bridgeport city government, the sale price was the maximum amount the city could retain from a sale of the airport, as established by the Federal Aviation Administration.
The CAA has pledged to administer more than $60 million in improvements to the airport, with the goal of restoring commercial service that has not existed at the facility since the 1990s.
“I am very pleased that we have come to a vote to sell to CAA,” Mayor Joe Ganim said. “The city has worked diligently over the past few years to bring passenger service back to the airport and this transfer of ownership should expedite that process.”
“The Connecticut Airport Authority is pleased that the Airports Commission has chosen to move forward with CAA’s acquisition proposal to City Council,” said Kevin Dillon, Executive Director and CEO of the CAA. “If we are able to complete this agreement, we look forward to working with the City of Bridgeport and the City of Stratford to maximize the potential of the airport and the economic development of the region.
The airport, which loses an average of $500,000 a year, is located in Stratford but is owned by Bridgeport. Stratford Mayor Laura Hoydick, who expressed interest in acquiring the airport, did not immediately respond to the sale announcement.