DIA To Get Financial Support Due To Coronavirus, 90% Drop In Passengers
DENVER (CBS4)- Some airports in Colorado will receive financial support because of the coronavirus pandemic. That includes Denver International Airport.
DIA will receive $269 million of more than $360 million that will go to airports in Colorado.
The money will be used to help pay for payroll, utilities and debt payments.
"Denver International Airport is one of Denver's and Colorado's primary economic engines and will be key to our city's economic recovery efforts. This funding for the airport will help us protect peoples' jobs, and I want to thank our congressional representatives for supporting the stimulus package and providing the financial tools to support DEN through this crisis," Mayor Michael B. Hancock said in a statement.
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Airports across the state, and the U.S. have seen sharp declines in passengers, including a 90% drop at DIA.
The money is made available through the Coronavirus Aid, Relief and Economic Security (CARES) Act stimulus package, which was signed into law on March 27. The CARES Act provides approximately $10 billion in grants for airports experiencing severe economic disruption caused by the COVID-19 health emergency and is the largest economic relief package in our nation's history.