Friday, September 7, 2012
Hawker Beechcraft has asked the bankruptcy court for permission to sell a strip of highway frontage to the city of Wichita for $2.9 million.
The court set a Sept. 27 hearing date to consider the request.
Court documents filed Thursday state that the city plans to use the land for a highway expansion project. Hawker says the sale will not affect the value of remaining property.
The Wichita-based plane maker fears the city may initiate eminent domain proceedings that might bring in less money than a private sale.