http://www.nj.com/news/index.ssf/201...mall_airp.html
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that's my former flight school...did my commercial/instrument training there...they worked so hard and only very recently took delivery of those newer 172s. They've been going through some tough times with funding and acceptance by both the college and the state because of the cost of maintaining the flight school. I'd imagine insurance would cover this, but I feel terrible for what that place has gone through.