Steamboat Springs Galaxy Aviation of Steamboat-Hayden is on the brink of getting county approval to become the new fixed-base operator at Yampa Valley Regional Airport in Hayden.
The Routt County Board of Commissioners approved the signing of the contract Tuesday. A few details and typos need to be corrected, YVRA Manager Dave Ruppel said, but the deal is moving ahead.
"I hope to have a document with a signature before the end of the week," Ruppel said Wednesday.
Fixed-based operators generally service corporate and general aviation traffic at airports that may separately provide commercial air service, such as county-owned YVRA.
Galaxy will take over duties from Spectrum Jet Center, which has been at YVRA since 1986. Ruppel said he thought the companies planned to close the sale the first week of next month.
"All those dominoes had to kind of fall in place before they had to get to closing, and the first two dominoes with the county have fallen into place," Ruppel said. "Those are the long-term agreement and the consent to assignment. Really, the only thing that is left is the actual closing with Spectrum for Galaxy."
Galaxy Aviation, parent company of Galaxy Aviation of Steamboat-Hayden, has Florida locations in Boca Raton, St. Augustine, Orlando, West Palm Beach and Stuart.
The company's contract starts at a base of 35 years. Galaxy has the option to extend that for 15 years if it adds ramp space, puts up new buildings and invests $2 million into YVRA, Ruppel said. Each of those actions will earn it a five-year extension.
Spectrum officials have said they are ending their work at the airport because owner Jane Harelik is retiring.
"We've had a great relationship with Spectrum over the years," Ruppel said. "Spectrum is a company that came in when there was nothing here. : They've done a great job, but things change. We're just happy we've been able to find a company like Galaxy to fill that gap."
Additional material for this story came from an earlier Brandon Gee report.