Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves airport business-assistance program and infrastructure fund to attract aircraft and aerospace firms
Summary
The council approved a five-year, performance-based business assistance program for the Northern Colorado Regional Airport that rebates part of aircraft sales tax and credits manufacturing-use purchases to support airport infrastructure; resolution passed 7-1.
The Loveland City Council on Sept. 16 approved a resolution creating a business assistance program intended to attract aircraft purchases, aviation and aerospace businesses, and private investment to the Northern Colorado Regional Airport.
Why it matters: The airport has more than 200 acres of developable land inside the fence but only a limited amount of shovel-ready parcels; the program aims to make it easier for buyers and firms to base aircraft and operations in Loveland and to fund airport infrastructure not eligible for FAA grants.
Program basics: The proposal has two principal components. First, a rebate on sales tax tied to aircraft purchases (proposed for new and used jets above $1 million), with an example cited…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat