- Associated Press - Thursday, December 17, 2015

ONTARIO, Calif. (AP) - The Los Angeles City Council has approved an agreement to settle all legal claims in a step toward returning struggling LA/Ontario International Airport to local control after three decades.

The 13-0 vote during closed session Wednesday settles litigation dating to 2013.

Under the ownership transfer, Los Angeles World Airports would receive $190 million over 10 years to reimburse it for the cost of running and improving the airport 35 miles east of downtown LA. Ontario also would assume airport debts, bringing the cost of the deal to about $250 million.

The agreement becomes final when the Ontario International Airport Authority OKs it. The authority then needs Federal Aviation Administration certification to run the airport.

Ontario turned over airport operations to Los Angeles in 1967 and sold it outright in 1985.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More

Click to Hide