Jackson Gap and 75th Ave. Detours
The existing off-ramp from inbound Peña Blvd. to Jackson Gap is closed for construction. While a temporary off-ramp is available, construction activity in the area may cause travel impacts. Drivers on Jackson Gap will not be able to travel westbound on E 75th Ave. to the Pikes Peak shuttle lot. Detours are in place.
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News and Press
DENVER – April 14, 2020 – Denver International Airport (DEN) will be eligible to receive approximately $269 million 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. The CARES Act is the largest economic relief package in our nation’s history.
“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.
Under the CARES Act, the Federal Aviation Administration (FAA) distributes funds to airports based on enplanements and other metrics related to cash reserves and debt service. Funding received through the CARES Act will be used to prevent, prepare for and respond to the impacts of the COVID-19 pandemic. There is no deadline by which the funds must be used.
“DEN is grateful for this stimulus package and wants to acknowledge the support of Colorado’s congressional delegation,” said DEN CEO Kim Day. “The funds will go a long way to helping us meet our financial obligations, support our bond ratings and save jobs.”
Prior to receiving stimulus funds, DEN took decisive action to protect the airport financially. DEN has instituted a hiring freeze, is focusing on essential expenditures and is reprioritizing capital projects and programs to position the airport for a strong recovery. Passenger traffic from TSA Checkpoint data has fallen by 95 percent at DEN compared to this time in 2019, which is similar to the national trend as fewer passengers are traveling and airlines have cut flights.
DEN has put significant cost cutting measures in place in response to the COVID-19 pandemic, the resulting dramatic drop in passenger traffic and the associated loss of revenue. DEN must use the stimulus funds to cover debt service and keep the airport financially sound.
In addition to $58 billion in grants and loans to airlines, the package also includes grants for impacted tourism businesses. It provides $6.5 billion in Community Development and Economic Development Administration grants for economic injuries caused by COVID-19, including the tourism industry.
Read the FAA’s announcement about the CARES Act fund distribution here. To learn more about the FAA CARES Act airport grants, click here.
Denver International Airport is one of the busiest airports in the world. DEN is the primary economic engine for the state of Colorado, generating more than $36 billion for the region annually. For more information visit www.FlyDenver.com, check us out on YouTube and Instagram, like us on Facebook and follow us on Twitter. Sign up for DEN’s monthly newsletter Nonstop News.
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