In 1967, an open bid was held for the leasing rights with several companies expressing interest in the acquisition.
The bid was won by Murchison's company, which signed another twenty-year contract with the city.
The aerial tram was opened in 1969, crossing the gorge just east of the bridge.
Also in 1969, following the death of Murchison, his sons, John and Clint, Jr., inherited the bridge and lease.

In 1979, Lucille Murchison, the wife of John Murchison, inherited the bridge and lease after her husband's death.

The bridge and the incline railway were listed in the National Register of Historic Places on September 2, 1983.
The official government registration papers indicate that the city of Cañon City had become the owner of the bridge and incline railway at some point since the 1940s, besides owning the land they leased to the Royal Gorge Bridge Company.

The bridge underwent significant renovations from 1980 to 1984.
New cable anchors and suspension rods were installed and the bridge was re-painted.
The cost of the renovations was over $2.8 million, more than the original purchase price when adjusted for inflation up until the 1980s.

In 1984, Leisure and Recreational Concepts, a Dallas-based company, was hired by Murchison to oversee operations at Royal Gorge Bridge and Park.

In July 1998, William Fehr, the owner of a gravel business based in Parkdale at the entrance to the gorge, purchased the rail lines through the gorge.
The sale came after the Southern Pacific and the Union Pacific had merged in 1996 and decided to run their trains on better tracks through northern Colorado.
As a part of the purchase, and unbeknownst to Fehr at the time, the sale included the "air rights" above the tracks through the gorge, including the space occupied by the Royal Gorge Bridge.
An air rights fee had been negotiated with the railroad companies for $200 per year since 1929, plus another $200 per year for the space occupied by the base of the incline railway.
In January 1999, Fehr placed a bid to purchase the entire concession from the city, since the operating company's lease was due to expire in 2001.
When the bid was declined without consideration, Fehr decided to increase the fee for the air rights to $750,000 a year.
The city began investigating legal procedures to possibly condemn the air rights.
Eventually, the city and Fehr agreed on permanent easements that cost the city a one-time fee of $99,000.
In 1967, an open bid was held for the leasing rights with several companies expressing interest in the acquisition. The bid was won by Murchison's company, which signed another twenty-year contract with the city. The aerial tram was opened in 1969, crossing the gorge just east of the bridge. Also in 1969, following the death of Murchison, his sons, John and Clint, Jr., inherited the bridge and lease.
In 1979, Lucille Murchison, the wife of John Murchison, inherited the bridge and lease after her husband's death.
The bridge and the incline railway were listed in the National Register of Historic Places on September 2, 1983. The official government registration papers indicate that the city of Cañon City had become the owner of the bridge and incline railway at some point since the 1940s, besides owning the land they leased to the Royal Gorge Bridge Company.
The bridge underwent significant renovations from 1980 to 1984. New cable anchors and suspension rods were installed and the bridge was re-painted. The cost of the renovations was over $2.8 million, more than the original purchase price when adjusted for inflation up until the 1980s.
In 1984, Leisure and Recreational Concepts, a Dallas-based company, was hired by Murchison to oversee operations at Royal Gorge Bridge and Park.
In July 1998, William Fehr, the owner of a gravel business based in Parkdale at the entrance to the gorge, purchased the rail lines through the gorge. The sale came after the Southern Pacific and the Union Pacific had merged in 1996 and decided to run their trains on better tracks through northern Colorado. As a part of the purchase, and unbeknownst to Fehr at the time, the sale included the "air rights" above the tracks through the gorge, including the space occupied by the Royal Gorge Bridge. An air rights fee had been negotiated with the railroad companies for $200 per year since 1929, plus another $200 per year for the space occupied by the base of the incline railway. In January 1999, Fehr placed a bid to purchase the entire concession from the city, since the operating company's lease was due to expire in 2001. When the bid was declined without consideration, Fehr decided to increase the fee for the air rights to $750,000 a year. The city began investigating legal procedures to possibly condemn the air rights. Eventually, the city and Fehr agreed on permanent easements that cost the city a one-time fee of $99,000.
Royal Gorge Bridge