Consultant says airlines could be weeks away from agreeing to KCI funding plan

Bill Grady
January 18, 2019 - 4:09 am

Edgemoor Infrastructure & Real Estate


A consultant says a cost-sharing agreement for Kansas City International Airport is getting closer to reality.
Lou Solomon works for the airlines, and says a deal may be just a few weeks away. Carriers have been unable to come to terms to pay for the new terminal at KCI. The entire cost of the project is approaching $2 billion. One sticking point has been a baggage handling system that has a price tag of about $20 million.

Solomon tells the Kansas City Airport Committee eight airlines have been reviewing the plans for the terminal, and all of them like the concept. At least three carriers are needed to sign nine-year leases for the new single terminal. There has been growing frustration among council members over the slow pace of negotiations. Mayor Sly James said recently that major projects like this almost always have delays.

Three councilmembers recently sent a letter requesting financing information from Burns and McDonnell and AECOM, two firms that were the running for the project before the bid from Edgemoor Infrastructure & Real Estate was selected.

Comments ()