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L.A.'s search for revenue may bring sale of LAX (Los Angeles International Airport)(includes related article)
L.A.'s search for revenue may bring sale of LAX
LOS ANGELES - Faced with their second straight red-ink budget, city officials are taking a fresh look into whether sprawling Los Angeles International Airport can be sold, leased or recast as a takeoff point for new revenues.
One drastic idea being considered is putting LAX - the fourth busiest airport in the U.S. - on the auction block, a concept that gained momentum during the privatization movement of the 1980s. Another hot idea is hiking LAX's airline landing fees, ranked among the lowest of major U.S. airports.
"LAX is a very large asset, probably the single largest the city of Los Angeles has, and …
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