We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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The money is to be used to rehabilitate the western aircraft parking ramp, a project that also includes $155,556 in matching funds from the Boulder Municipal Airport Fund.
The grant comes from a $19.7 million pool in state aviation fuel-tax revenue. It is being distributed to public-use airports in the state. The Aviation Discretionary Grant Program requires that all state aviation fuel-tax collections to be returned to the public aviation system through grants and other projects.
“We want to thank CDOT for supporting the Boulder airport and recognizing its importance in the Colorado aviation system,” airport manager Tim Head said in a statement. “The improvements will provide significant benefits for airport businesses and the Boulder economy, as well as ensure that the ramp can support the airport’s additional role as a staging and fueling location for future emergency response operations.”
Boulder Municipal Airport provides commercial, recreational and emergency response services to the city and surrounding communities. More than 1,200 people were airlifted to safety at the airport during the September flood.
The Division of Aeronautics and Colorado Aeronautical Board evaluated and approved the aviation grant proposals before the governor authorized distribution. A full list of airports and projects receiving grants in 2014 can be viewed at http://bit.ly/1npG2wV.