Tulsa city council releases report on its investigation of the Tulsa International Airport
Thursday, November 18th 2004, 9:50 am
By: News On 6
The Tulsa City Council investigation of the Tulsa International Airport is complete. Thursday, the third examination of airport operations prompted by the creation and bankruptcy of Great Plains Airlines was released.
The report details how the airline was financially doomed from the beginning. It never came close to making a profit. The report chronicles bad legal advice to the mayor and airport authority which encouraged the city to pledge collateral to the airline.
The report calls for better financial reports, ethics training for employees and a policy of always creating permanent records of meetings, something that only recently started.
The report also hints at a possible settlement of the Bank of Oklahoma loan.
The investigation cost taxpayers $60,000.
A copy of that report is available on the city councilâ€™s web site www.tulsacouncil.org.