Announcement due over Durham Tees Valley Airportpublished at 15:40 Greenwich Mean Time 3 December 2018
Richard Moss
Political Editor, BBC Look North
An announcement is expected tomorrow by Tees Valley Mayor Ben Houchen about Durham Tees Valley Airport.
Buying the airport has been one of the Conservative mayor's key pledges.
But Labour are getting in ahead of it by warning he will put "perhaps £40m" of public money at risk to buy it, and calling for close scrutiny.
The party's candidate for mayor, Sue Jeffrey, said: "You don’t need to be an economic expert to see the risk here.
"Spending perhaps £40m on an airport that was sold for half a million and loses around £2m a year is the sort of business deal that should set alarm bells ringing."
Redcar and Cleveland Conservative councillor Steve Turner said: "Surely if that's the figure then it's a bargain as the land alone must have a resale value of double that?
"Bottom line is Labour will never accept any good news from a Tory Mayor. They'd rather keep us down than admit he delivers what he promises."