Treece Investment Corp. aims to run Toledo airports - 13abc.com Toledo (OH) News, Weather and Sports

Treece Investment Corp. aims to run Toledo airports

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Planes at Toledo Express may come and go, but the way the airport operates has been the same for more than four decades.

The city owns the property, the Port Authority runs the airport.

Dock Treece is with Treece Investment Advisory Corporation.

His company wants to be in charge of Toledo's two airports, privatizing the operations.

The city would still own the properties.

Treece contends some business-savvy know-how could inject new life and new money into both Toledo Express and Toledo Executive Airports.

"Well, the biggest problem, to be totally blunt, is the Port Authority," says Treece. "The Toledo-Lucas County Port Authority has a reputation that is known throughout the aviation industry, across the country and even internationally, as an entity that you don't want to try to do business with. They move too slow, everything has to be vetted in the press."

Toledo Mayor D. Michael Collins says he's open to looking at the Treece plan, which is published online for everyone to see.

Part of it states: "Having recognized that Toledo has two publicly-owned airports not presently being well-utilized as sources of economic development, a small group of investors decided to explore options for the privatization of those airports, their facilities and/or operations."

"Frankly, I think the Treece's decided to put it in our face," says Mayor Collins. "You don't do business in that fashion. That's a very poor business policy."

The mayor says he has reservations about how privatizing the operations at Toledo Express would impact the military operations of the 180th Fighter Wing across the tarmac.

He's also concerned the FAA would balk on an upcoming $6M grant if the Toledo-Lucas County Port Authority is no longer in charge.

The Treece Investment Advisory Corporation is asking for a 30-year agreement to operate both airports.

You can see the plan for yourself at http://www.toledoairports.com

 

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