NoCo airport receives $16M in CARES Act assistance

LOVELAND — The Northern Colorado Regional Airport will receive $16 million as part of the assistance offered through the federal $2 trillion CARES Act.

“We were notified this morning that we’ll receive the assistance,” said Jason Licon, airport director. The money is part of $10 billion that will go to airports across the country, with $366 million of that dedicated to airports in Colorado. 

Denver International Airport will receive the most at $269 million, which it will use for debt service and keeping the airport financially stable, according to published reports.

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Licon said the Northern Colorado airport has not determined where the money will be used but, “we have unfunded needs, infrastructure in particular, and impact-related items from the COVID virus,” he said. 

He said the airport has seen a 75 percent reduction in activity due to the virus. “Educational institutions — we have three flight schools — and corporations are using the airport less,” he said.

Social distancing orders prohibit flight training with instructors and students together in planes or classrooms, he said.