WHEELING, Ill. (AP) -- Two Chicago suburbs have reached an agreement in a financial dispute stemming from ownership of the Chicago Executive Airport.
The (Arlington Heights) Daily Herald reports an agreement between Wheeling and Prospect Heights was reached this month.
Both communities have had an intergovernmental agreement over the airport since 1985.
But sales and fuel taxes caused clashes and at least one lawsuit. One concern was whether Wheeling was paying Prospect Heights a fair share of airport revenues.
Under the agreement, Wheeling will pay Prospect Heights just under $500,000 for sales and fuel taxes earned at the airport from mid-2005 through 2012. The communities will split proceeds retroactive to January 2013 and beyond.
The communities' mayors say they're pleased.
There are approximately 200,000 take-offs and landings each year at the airport.