American rescue plan act awarded as economic assistance to eligible U.S. Airports and eligible concessions at those airports to prevent, prepare for, and respond to the covid-19 pandemic

The Department of Transportation Federal Aviation Administration Northwest Mountain Region awarded a $263,985 Project Grant to Pitkin County under the Airport Improvement Program, COVID-19 Airports Programs, and Infrastructure Investment and Jobs Act Programs (CFDA 20.106). This grant provides economic relief in the form of rent reductions and waived minimum annual guarantees to airport concessions located at Aspen, Colorado's primary airport through January 2026. Specifically, the funding will relieve large airport concessions of these financial obligations as the aviation industry continues recovering from impacts of the COVID-19 pandemic. It will also provide similar economic relief to small airport concessions. The grant aims to prevent, prepare for, and respond to the ongoing effects of the health crisis through this targeted assistance to the airport and its concessionaires in Pitkin County, Colorado.

Activities and expected outcomes

This grant provides economic relief from rent and minimum annual guarantees to large airport concessions located at primary airports. This grant provides economic relief from rent and minimum annual guarantees to small airport concessions located at primary airports. Intended beneficiary: this grant will provide federal funding for airports associated with aspen, colorado.