By September, 1992, the city had received $501 million in Federal Aviation Administration grants and $2.3 billion in bonds with interest rates of 9.0%-9.5% in the first issue to 6% in the latest issue. The decrease in interest rates due to the recession was helpful to DIA. The rating agencies also increased the city's bond rating one notch.

The FAA permitted Denver to charge a $3 departure tax at Stapleton with the income earmarked for construction of DIA. Denver officials estimated that over 34 years, the tax would generate $2.3 billion.

The cities bordering the northern edge of DIA (where the cargo operations were to be located) teamed up with Adams County to file lawsuits against DIA in its attempt to relocate cargo operations to the southern perimeter of DIA. This relocation would appease the cargo carriers and hopefully end the year-long battle with Front Range Airport. The Adams County Commissioner contended that relocation would violate the Clean Air Act and the National Environmental Policy Act and would be a major deviation from the original airport plan approved by the FAA.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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