The Rocky Mountain Metropolitan Airport (RMMA) is in the process of building a brand-new 100-acre business park that will contain a taxiway with hangars sold to private customers. The project is projected to cost $7 million.
RMMA will increase revenue for the airport, while increasing traffic flow and business opportunities that the airport will have in the future.
What’s the deal with the business park?
According to The Real Deal, the portion of the airport that is being developed contains 1,800 feet of taxiway that will eventually connect to hangars and be sold to private developers. Any business could be placed in the hangars.
Construction is expected to be completed by the end of the year, but the project won’t be fully underway for another three decades, according to The Real Deal. The airport is seeking businesses that will assist in plane maintenance, repair and overhaul services to rent the hangars. They will issue a request for owners and tenants after construction is completed.
Currently, RMMA holds hangars for government, private and corporate jets. The airport also offers four different types of flight school. Adding hangars to the airport is an attempt to increase revenue through different business means.
Monetary milestones for RMMA
Airport director, Erick Dahl, told The Business Journals that the goal is to, “create jobs in the airport, things that create revenue for the airport and economic vitality for the region.” The revenue increase is considering the airport at full buildout, with each hangar full and at the capacity the private owner wants it to be. This way, the revenue from the businesses will be an additional $1.5 to $2 million from the airport’s current revenue.
According to RMMA’s website, the total business revenue from the 2025 revenue report is $1,387,535,000.
What the future holds for RMMA
According to RMMA, the airport is a partner in the Verve Innovation Park, “where airport property has been master-planned for office and industrial development.” The airport has experienced significant growth over the past few years, increasing from 10,172 flights in 2021 to 45,794 in 2023.
In spite of recent fear surrounding flying, due to the defunding of air traffic controllers’ job positions and recent spike in plane-related accidents, RMMA is choosing to expand in a way that might bring comfort to flyers. By adding third party businesses that maintain and repair planes, there are second opinions looking at issues within the mechanics of an aircraft.
In the past, the Rocky Mountain Metropolitan Airport was nothing but farmland. Now, hope is high for the future of a complex that has thousands of visitors every single day.
