Wikipedia
Keflavik Airport Development Corporation or Kadeco was founded by the Icelandic government on 24 October 2006. The catalyst of the foundation was the deactivation of the Naval Air Station Keflavik which had been operated by the United States for the previous 60 years. KADECO is a private limited liability company owned by the State that is intended to guide the development and alteration of the former military area. The object of establishing the company was to ensure that properties owned by the State in the area are put into organised, advantageous civil use as soon as possible, with the goal of ensuring that positive social effects will be as substantial as possible and that negative impacts on nearby society would be as minimal as possible.. 1 23