image credit: IHA / Flickr

AECOM, Ferrovial to develop Florida vertiport network

February 24, 2021


Last year, Lilium and the city of Orlando entered into an economic development incentive agreement for a proposed $25 million, 56,000-square-foot transportation hub. The agreement, approved by the Orlando City Council in November, will give Lilium a tax rebate of up to 50% of Orlando’s real and tangible personal property tax assessed on the property for 10 years starting in 2026.

Lilium’s partnership with Ferrovial in developing the vertiport network will include at least 10 vertiports, the company said.

Read More on Construction Dive