Strategic Business Plans

Proposed Caroline County Airport Acquisition Study, Ridgely, MD: 2004

R.A. Wiedemann & Associates, Inc., was retained to develop a business plan for the proposed Caroline County Airport acquisition. In this regard, Caroline County, MD was weighing the financial consequences of acquiring the privately owned, Ridgely Airport. The business plan analysis showed a near break even scenario for the near term, with a longer term potential for self-sufficiency. The proposed airport would augment the County’s industrial park, which was planned for an adjacent area. The results of the feasibility analysis led the County to begin the environmental process needed to purchase the facility. It is anticipated that the facility will be open to the public in the year 2010.

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