Airport Operations in Red for 9th Year
For the ninth straight year, aeronautical operations at Torrance Municipal Airport are in the red, and city officials predict that the trend will continue for at least two more years.
Since 1979, aeronautical operations have lost the city about $2.5 million, according to annual city budget reports.
Most Torrance officials said that they are not too concerned about the loss, because airport land-lease revenues have put the total airport budget in the black.
The airport, which leases land to mini-malls, auto dealerships and others, is just north of the Pacific Coast Highway at the southern tip of the city.
It encompasses 500 acres, of which 140 are leased for non-aeronautical use.
Revenues from the leased land are expected to bring the airport about $1.6 million this year and about $1.9 million next year.
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