Located at 140 Waterford Parkway South and vacant for almost four decades, the property is once again a target for development, this time by Fabcon Precast, a concrete manufacturer based in Minnesota. On Nov. 23 the Planning and Zoning Commission discussed Fabcon’s application for a special permit and site plan approval and could make a decision at its next meeting on Dec. 14. At 188 acres, the airport property value is currently about $4.3 million, according to the town tax assessor’s office. Fabcon did not disclose the details of its deal to purchase the property from owner Mathon Fund I LLC, except to say it’s contingent on the town approving the development. Some in Waterford are unaware the town was home to an airport from 1945 to 1987. Its three runways were destroyed decades ago. Now, the property is mostly a wooded area with overgrown vegetation and some litter. It’s been the subject of a number of unsuccessful development ideas since 1987.