$15 Million Interest-Free Loans to SF, RC Airports

$15 million interest-free loans to SF, RC airports

SIOUX FALLS, S.D. (KELO) -- Republican Gov. Larry Rhoden announced Friday that he wants Sioux Falls Regional Airport and Rapid City Regional Airport to receive loans from state government of $15 million apiece at a rate of zero interest. The funding will need to go through the legislative process to become fully available. Each airport has ongoing expansion projects. SD magistrate judge gone from bench Rhoden's office said the $30 million …

Rhoden pledges $15M for Sioux Falls airport expansion

Millions in unspent COVID-era housing funds could be used to subsidize airport expansions in South Dakota’s two largest metropolitan hubs. Gov. Larry Rhoden on Friday called for $30 million to support terminal and aviation upgrades in Rapid City and Sioux Falls as the state’s bookending communities undergo terminal overhauls expected to top hundreds of millions of dollars in construction costs. “Smart economic development involves doing the righ…

Gov. Rhoden flies $30M plan for Sioux Falls, Rapid City airport expansions

Millions in unspent COVID-era housing funds could be used to subsidize airport expansions in South Dakota’s two largest metropolitan hubs.Gov. Larry Rhoden on Friday called for $30 million to support terminal and aviation upgrades in Rapid City and Sioux Falls as the state’s bookending communities undergo terminal overhauls expected to top hundreds of millions of dollars in construction costs.

Rhoden pledges loans to airports for improvements

Oct. 24, 2025 Gov. Larry Rhoden’s administration will propose offering $30 million in no-interest loans to support expansions at the Sioux Falls and Rapid City airports. If approved by the South Dakota Legislature, the money would come from unused loan dollars tied to a housing infrastructure fund established several years ago. No one applied to use those dollars. The Sioux Falls and Rapid City airports both have set records for passenger growth…