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Business Air News Bulletin
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Deals are inked for hangars in Jefferson County and Boise
ACAP has signed the ground lease for a 30 acre development at Rocky Mountain Metropolitan airport near Denver, and Burrell Aviation is to construct multiple facilities on a four acre parcel at Boise airport in Idaho.
ACAP has agreed a 30 year ground lease with a ten year extension option.

US airport development company American Corporate Airport Partners (ACAP) has inked a long term lease with Jefferson County to develop 30 acres for business aviation use at Rocky Mountain Metropolitan airport (BJC) in Broomfield, Colorado. The airport, just 15 miles north of downtown Denver and 14 miles south of Boulder, is strategically located in the heart of one of the fastest growing metropolitan areas in the country.

Jefferson County commissioner Tracy Kraft-Tharp says: “Responsible airport development will bring jobs and opportunity to the county's residents and businesses while remaining sensitive to the quality of life of our citizens.”

Construction of modern hangar and ramp facilities is planned on the airport's southwest side. ACAP CEO Thomas Bosco adds: "It is intended to accommodate high end business and industrial aviation tenants such as private charter airlines, maintenance repair organisations and corporate users.”

“The county's focus is to further develop the airport to meet growing demand while using environmentally sound and neighbourly best-practices,” says BJC director Paul Anslow. “We are pleased to be working with ACAP, a private developer with an industry track record of success.”

ACAP designed, financed, constructed and manages a multi-tenant hangar complex at San Antonio International airport in Texas and is currently building a widebody-capable hangar for lease to Global Crossing Airlines at Fort Lauderdale Hollywood International airport in Florida.

“While executing the BJC ground lease is an exciting and significant first step, ACAP's focus is now to deliver build-to-suit facilities for our tenants on time and on budget,” says chief development officer Ronan Byrne.

The BJC airport project is expected to generate an estimated 250 temporary construction jobs; 120 permanent, highly skilled, remunerative jobs such as aircraft technicians, engineers and trainers; 275 office workers; $5 million in annual labour income and $12 million in annual sales and economic activity.

In the meantime, Burrell Aviation is to construct multiple facilities on a four acre parcel at Boise airport (BOI) in Idaho to expand the airport's non-passenger business lines, including facilities for corporate air hangars and other hangar-related uses.

"This project results from a collaborative effort between BOI and Burrell Aviation to create a public-private partnership that will facilitate significant economic development, new job creation and the expansion of airport infrastructure in the state of Idaho. We are excited to work with the BOI team to achieve these objectives," says Burrell Group founder and executive chairman Dan Burrell.

Burrell is looking to invest up to $10 million in private sector capital to develop next-generation corporate hangars and other forms of hangar-related facilities that will create new jobs for the city of Boise. The company will work closely with the airport and state and local economic development groups to identify, attract and accommodate new interest in Boise airport.

"Idaho's airports are key drivers for our regional and state economy," says governor Brad Little. "This investment at the Boise airport is a sign of Idaho's strengthening economy, and it will enhance the integrity of our regional supply chain."

"We appreciate the interest Burrell Aviation has shown in the City of Boise and our growing airport," adds Boise mayor Lauren McLean. "We look forward to working with it on these new developments, enhancing our long term plans for our airport and community."

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