The town of Stephenville says it is not responsible for any ongoing financial obligations to the Dymond International Airport related to an agreement that terminated in June of 2023.
The town is offering the clarification in light of recent public statements made by the facility’s owner, Carl Dymond.
This comes as the airport, which was recently downgraded to an aerodrome by Transport Canada, continues to sit idle, and owner Carl Dymond navigates a number of serious financial and legal issues in the courts.
The town says that any prior financial commitments related to the airport have all been fulfilled.
In a release issued to VOCM News, the town says it entered into an agreement with the Stephenville Airport Corporation in March of 2023. At that time, the town agreed to match pre-occupation payments to be made by World Energy GH2 to the airport to the tune of $32,500 a month.
A clause in the agreement allowed for it to be terminated within 30 days’ written notice, and on May 19th 2023, the town issued notice to the Stephenville Airport Corporation, ending the agreement.
As of June 18th of 2023, the matching contribution amount of $32,500 per month was no longer payable or applicable. The town says there is absolutely no obligation by it to continue with that payment, and the town is not responsible for any ongoing financial obligations to Stephenville Dymond International. It’s also “strongly” suggesting that Carl Dymond clarify “any misstatements made” related to the town’s obligations.