City Of El Paso Sells Zillion Dollar Jet For $10K

The city of El Paso just let a 727 jet airliner go for less than the price of a cheap used car. Oddly enough, it was probably the best deal the city could make.

Big 'ole, jet airliners ... cue Steve Miller ... are a little on the pricey side. This one will set you back about $850,000. Not bad, huh?  The city of El Paso just let a used one go for $10K.

Granted, it was a bit of a fixer upper ...

Listed at govdeals.com as being in pretty bad shape, it was defined as being "not airworthy, in derelict condition and needing repairs that exceeded its value". Nonetheless, somebody dropped $10,132.20 on the 1966 727 that was once owned by the U.S. Marshals Service. Yep, it was once "Con Air" ... see pics here.

No payments for storage had been paid to the city of El Paso since the 727's owner died after a plane crash about 20 years ago. The city of El Paso routinely sells off surplus goods.

The proceeds from the sale will go back to the airport, said city Comptroller Margarita Marin.

Marin said that while abandoned property such as the Boeing is handled differently than surplus city equipment, proceeds from both sales go back to the original department or funding source. Over the past few years, surplus sales have brought in an average $318,000 a year, Marin said. - elpasomatters

The buyer hasn't been named but it was purchased locally and there's no word yet on what the new owner(s) plan to do with it. Getting it airworthy is, of course, a possibility but similar planes have been repurposed as bars, restaurants, Air B'nb's, etc.