clock menu more-arrow no yes mobile

Filed under:

Out Of Context

New, 1 comment

"To pay $18 million for something that in a good year returns $10,000 ? well, to coin a phrase, do the arithmetic. My feeling is, if it ever gets sold, it would have to be to somebody who's not thinking logically as far as payback on any kind of investment." ? Peter Lowenstein, the president of the Montauk Pilots Association, on the Montauk Airport's rather hefty asking price. [NY Times]