Oriole Flight Acaderty acquired a new site for its training operations. The comparry was able to find a small unused airport with an Ondated rumway and hangar that could be used to accommodate a flight simulator, snall aireraft. and classrooms. The location was Current Attempt in Progress ideal as it was dose to the city centre with a large population base from which to attract students Oriole pald 56,40 million to acpuire the site. Prior to providing financing for the purchase, the bank required that an appraisal be completed of the property. The evaluation aperakal report came back with the toliowing estimated market values: land $3.552.240, building $2.430,480, and band improvements (a1)