List Your Equipment For Free  /  Seller Login

Firm Proposes Privately Funding Terminal at Kansas City International

Wed May 17, 2017 - Midwest Edition #10
Construction Equipment Guide


A local engineering firm has proposed to privately build and finance a new single terminal at Kansas City International Airport to garner voter approval and finish the airport project.

Mayor Sly James told the Kansas City Star the city has been trying for five years to create an airport improvement plan that voters support, but city taxpayers think they would be the ones financing it.

James said private financing would remove any question of taxpayer risk.

“That's a Kansas City innovative solution to a Kansas City sticky problem,” he said. “It's something the airlines are comfortable with. It reduces the risk. It gets our airport built.”

Engineering firm Burns & McDonnell has asked city officials to be the lead firm for the design and construction work. Part of its proposal is that the firm would get an exclusive arrangement with the city to provide the design and come up with a guaranteed maximum price. This would lead to other firms not having access to make their own offer, nor would the city request bids.

The project is estimated to cost about $1 billion. The firm said it plans to put money into the project itself, attract other investors and find private lenders to complete the financing.

James said that even if the city decides on a private financing option, it would still have an election in November with a ballot asking voters to sign off on the new terminal construction plan. The vote would still happen because the City Council promised a vote in response to a 2014 citizens petition requiring a public election on any major improvements on Kansas City International Airport.

The mayor said that if the voters say no, “we're screwed.” —AP




Today's top stories

Florida's Sarasota Bradenton International Airport Sees $105M Terminal Expansion

Louisville Pump Station Receives $230M Update

Rokbak Haul Track Telematics Boost Uptime With Proactive Maintenance

SISO Air, InTerra Form Strategic Reseller Agreement

Hitachi Construction Machinery Wins Silver in 2024 Anthem Award

Balfour Beatty's Carolinas Operations Selected for Over $36M in Special Project Works

Caterpillar to Spotlight 'Next 100 Years' at CES 2025

Liebherr to Exhibit at World of Concrete 2025


 







\\ \\ \\