Allan Jones, Check into Cash multi-millionaire, was able to buy much of the old Hardwick Field property for a bid of $750,000 at an auction on Thursday morning.
There were no bidders at the original minimum offering of $1.4 million.
When it was lowered to the $750,000, the bid was put in by Mr. Jones, whose home and expansive holdings are nearby.
The tract of over 57 acres includes the runway at the old airport and a large maintenance hangar.
Several other smaller tracts with hangars were also auctioned.
Joe Stamper was the high bidder for one at $80,000. Others sold for $37,000, $30,000, $25,000 and $15,000.
Robbie Garrison, whose father was the airport manager for many years, acquired a couple of tracts.
The sales are subject to approval of the city of Cleveland, the state aviation authority and the FAA.