Local investors in talks with City, Port over airport operationsWritten by Sarah Ottney | Managing Editor | email@example.com
Editor’s Note: Updated with comment from Port Authority.
A group of local businessmen has expressed interest in taking over operation of Toledo’s airports.
Dock Treece, president of Treece Investment Advisory Corp., and his sons Dock David Treece and Ben Treece, said they have been in ongoing talks with the City of Toledo and the Toledo-Lucas County Port Authority about privatizing operations at Toledo Express Airport and Toledo Executive Airport, which are owned by the city and operated by the Port Authority.
“We have begun talks with both the city and the Port Authority about pursing alternatives for the operations and development of both Toledo Express and Toledo Executive airports,” said Dock David, a partner with the family-owned and operated Toledo firm.
He stressed the talks were still in the preliminary stage.
“At this point, we’re just exploring alternatives and we don’t know what shape a potential deal might take,” Dock David said. “We are in the early stages of discussions, conducting our due diligence, and we have already encountered significant personal expenses in the process.”
Jen Sorgenfrei, public information officer with the City of Toledo, said the men approached the city seeking information, but there has been no firm plan presented.
“There have been some meetings and they’ve told us they are interested, but we don’t have a solid proposal on the table that we can vet or take to City Council,” Sorgenfrei said. “So I can’t say we are in talks with anyone to take over at this juncture. They have requested information and we have provided them the information that they have requested so they can put a proposal together.”
Holly Kemler, communications coordinator for the Port Authority, said the Port has met with the Treeces regarding their interest in purchasing or leasing the airports.
“The Port Authority is supportive of any direction the City of Toledo would like to go with respect to the operation of the airports,” Kemler wrote in an email to Toledo Free Press.
The Treeces are Toledo Free Press contributors.