Originally Posted by
Flyguppy
FWIW, I was told by an instructor at TK today that the land on which TK sits is owned by the city of Denver. It is not ours to sell. It is leased to is for next to nothing.
The land was all part of Stapleton, so the city owning it makes sense.
We attempted to sell the facility in the past, but there were no takers.
Might be the case today not sure, but in the BK exit agreement, the IAM had liens on DENTK, Elk Grove EXO realestate and building structures. Something to due with collateral for their terminated pensions. They did not get BOND payout like the pilots did. United own the land at that time. Not sure if that is still the case.