More than $180 million generated by airport
By Mark Newman/News staff
News
Sep 22, 2009
http://www.hamiltonmountainnews.com/news/article/189095
An economic impact statement released earlier this week shows the John C. Munro-Hamilton International Airport, in terms of gross domestic product, generated $181.2 million for the local economy last year.
The report, prepared for the city by a group of consultants, also showed the airport generated $12.9 million in federal taxes and $8.3 million in provincial taxes last year and paid the city $183,617 in rent.
While passenger travel fell about five per cent between 2002 and 2008, cargo traffic jumped by 12 per cent.
Cargo business accounted for nearly 65 percent of the taxes generated at the airport.