On February 28, 2011, we issued our report on the Federal Aviation Administration's (FAA) oversight of airport revenue at Denver International Airport. The objective of our review was to assess the effectiveness of FAA's oversight in ensuring: (1) the airport is as self-sustaining as possible and obtains fair market value for land sales; and (2) the sponsor uses airport revenues only for airport purposes in accordance with Federal law. These revenues include those from the sale of the Stapleton International Airport (Stapleton) property, which was closed and replaced by the Denver airport in February 1995.
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