Cutter Aviation kicked off construction of a $5 million executive terminal at the Colorado Springs Airport with a groundbreaking ceremony Thursday.
The Phoenix-based aviation provider will build the 5,400-square-foot facility, scheduled for completion in May, on an 8-acre property on the airport's west side. The property is the site of the airport's former passenger terminal, which was torn down more than a decade ago.
"We're just expanding our presence here at the airport with a new facility to support general aviation and corporate aviation," said Steve Prieser, Cutter's vice president and CFO.
The terminal will resemble a luxurious, contemporary, log cabin-style building with stone and wood accents on the exterior and a green ribbed roof. It will have a pilot's lounge, rental car agencies and other amenities, Prieser said.
The structure will sit next to the 23,100-square-foot hangar Cutter bought last year, which previously housed aircraft owned by Western Pacific Airlines and will be used to store large corporate aircraft.
Cutter also has finished building a 62,000-gallon fuel farm, which can hold up to 50,000 gallons of jet fuel and 12,000 gallons of aviation gasoline.
The aviation service provider plans to acquire another 20,000-square-foot storage hanger in a second development phase, slated to begin in about six months, Prieser said.
"The business is continuing to grow, and Cutter is recognized as a leader in this industry," he said. "We want to provide better amenities and facilities for our customers."
Cutter is a fixed-base operator, a commercial business permitted to offer specialized services on airport grounds. The company has been operating at the Colorado Springs Airport since 2006, providing maintenance and fuel sales to private aircraft owners.
"We are delighted to be underway with construction of our new FBO terminal in Colorado Springs," President and CEO Will Cutter said in a statement Thursday. "Cutter looks forward to continuing to serve the users of Colorado Springs Municipal Airport with this new facility."
Mayor John Suthers and airport Director of Aviation Dan Gallagher, with representatives from Cutter Aviation and development partner Western LLC, were at Thursday's groundbreaking.
The Gazette's Wayne Heilman contributed to this report.