Hey there folks spoke with my contact today.
The person (employees's husband) is on the board and says the following ;
- They have had two meetings so far.
- Dash L took posetion of the land and airport from the federal government approx one month ago.
- They are just at the stage of creating the company as we speak.
- They have (Dash L) Received a $3000000.00 loan from the federal government to cover current operating deficite that the airport has.
- The topic of the first two board meetings has been the creation of the company.
- No talk yet of airport construction, retail etc (very important caviat--- AS FAR AS HE KNOWS). And as there has been no talk of specific construction etc. he has never heard of Cort Dev. But then why would he if they havent discussed the portion they are involved in yet.
- I asked what the timelines seem to be and he answered that no really clear timelines have been set in stone yet but that if we are investing in this in some way that it would be a long term investment for 4-5 years down the road. Having said that ... this person is an aviation expert and says that small regional airports like this will be a huge market over the next 10 - 15 years!
- Dash L not only has the Airport but large (damn he told me how many acres but I forget and forgot to write it dowm)very large peice of prime comercial real estate which they plan to sell off and develop.... for those who do not live here, it is surrounded by other large retail, comercial and tons of residential.
Sorry for the long post folks but I wanted to share all the info I had. Unfortunately I really do'nt feel any better about my investment in Cort Dev at this point but the St HUbert project shure seems exciting.
I will be forwarding him a link to Cot Dev's site and see if the plans etc. mean anything to him.
Hoping for the best,
Greely
