When officials at Los Angeles World Airports awarded a contract for a leasehold at Van Nuys Airport (VNY), some of the seven losing bidders cried foul. The winner, Castle & Cooke, is backed by billionaire David Murdock, and the protesters claim it was his support of Los Angeles mayor James Hahn that secured the deal. One point of contention is that Castle & Cooke proposed to pay 75 percent less in rent than competing bidders, but the company counters with its plans to commit up to $22 million in site improvements over the 30 years of the lease.
VNY contract raises a ruckus
- July 23, 2007, 10:43 AM