R.A. Wiedemann & Associates, Inc., was retained to develop a business plan for a proposed Caroline County Airport acquisition in 2004. 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 aquisition 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.