Southern California Logistics Airport

California Airports

Victorville Airport Authority to Default on Bonds

Southern Logistics VictorvilleVICTORVILLE – The Southern California Logistics Airport Authority announced Thursday that it plans on issuing a notice to its bondholders informing them the authority expects to be $2.9 million shy of its debt obligation come Dec. 1.

“The default has been anticipated by SCLAA largely due to legislative maneuvers by the state of California to shift redevelopment funds and eliminate redevelopment agencies to satisfy the state’s budgetary shortfalls,” said Victorville Mayor Ryan McEachron, who is SCLAA chairman, in a statement Thursday.

California Airports

Victorville Airport Authority to Default on Bonds

Southern Logistics VictorvilleVICTORVILLE – The Southern California Logistics Airport Authority announced Thursday that it plans on issuing a notice to its bondholders informing them the authority expects to be $2.9 million shy of its debt obligation come Dec. 1.

“The default has been anticipated by SCLAA largely due to legislative maneuvers by the state of California to shift redevelopment funds and eliminate redevelopment agencies to satisfy the state’s budgetary shortfalls,” said Victorville Mayor Ryan McEachron, who is SCLAA chairman, in a statement Thursday.

California Airports

Southern California Logistics Airport

High Desert logistics hub pushes on
The San Bernardino (CA) Sun

Dougall Agan faces an uphill battle. With consumer spending and imports plummeting, Agan’s gargantuan Global Access project in Victorville is fighting a recession that some economists say will change consumer habits as we know them.

California Airports

Southern California Logistics Airport

High Desert logistics hub pushes on
The San Bernardino (CA) Sun

Dougall Agan faces an uphill battle. With consumer spending and imports plummeting, Agan’s gargantuan Global Access project in Victorville is fighting a recession that some economists say will change consumer habits as we know them.