The Capital Development Program
The National Museum of World War II Aviation has initiated a capital development program to fund a major expansion of its facilities in Colorado Springs. The project was initiated to address a mission-critical need for space to house the museum’s fast-growing collection of flying World War II aircraft, and continued growth of the museum’s highly successful STEM education program.
Phase I of the program, which was substantially completed in late 2019, addressed the museum’s immediate need for space through construction of a 40,000 square foot aircraft display hangar. Development and construction of the Phase I exhibit program is currently underway, and plans are being made for dedication of the new facility in the summer of 2020.
Phase II, which is scheduled to go under construction later this year, will double the size of the aircraft display hanger to 80,000 square feet, creating space for further growth of the museum’s aircraft collection and new additions to the education program.
Phase III is a long-term project to build an 86,000 square foot facility that will house a world-class exhibit hall, education and events center. The Phase III facility will make it possible for the museum to host larger meetings and events, creating a new source of revenue that will help ensure the museum’s sustainability over time.
To assess the sustainability of the museum and its overall capital development program, the National Museum of World War II Aviation commissioned Summit Economics, LLC to study the market feasibility and economic impacts of the proposed expansion. The study was completed in late 2016 and was approved by the museum’s Board of Directors at its annual meeting in December of that year. The plan has been updated periodically as more information has become available.
- The existing museum has financially passed the “proof of concept” stage and has achieved breakeven in each of its first five years of operation.
- The museum will be fully self-sustaining as it moves through all phases of its capital development program.
- The museum is projected to continue to be fully self-sustaining after the capital development program is completed.