London City Airport Worth More as a Building Site, Study Argues

London City Airport, the closest terminal to the capital’s financial district, contributes little to the U.K. economy and should be closed, according to a report today from the New Economics Foundation.

The airport added about 110 million pounds ($184 million) to the U.K. economy last year, compared with the 513 million pounds brought in by the ExCel exhibition and conference center across the River Thames, according to the study. The facility’s passengers, who account for about 2.4 percent of London airport traffic, could easily be absorbed by other terminals, they said.