Find Real Estate Agents and Homes for Sale


Real Estate News --> Kansas News

Kansas City officials nix $1B KCI airport terminal deal


A super-majority of the Kansas City, MO, city council voted to void a memorandum of understanding with Edgemoor Infrastructure & Real Estate for the development of a new $1 billion terminal at Kansas City International Airport, casting doubt on the firm ...


Archived Story

post share tweet Dive Brief: A super-majority of the Kansas City, MO, city council voted to void a memorandum of understanding with Edgemoor Infrastructure & Real Estate for the development of a new $1 billion terminal at Kansas City International Airport, casting doubt on the firm's future involvement with the project, according to The Kansas City Star  Council members cited a potential $30 million reimbursement commitment to the company — even if the project doesn’t happen — and a lack of specifics around its financing and community benefit plans as their reasoning against finalizing a deal with winning-bidder EdgemoorOne council member introduced a resolution that would permanently cut ties with Edgemoor; a council committee will further discuss the measure this week  Critics of the council's action alleged that it was a roundabout way to award the project to AECOM, the second-place bidder, although, according to The Star, it is not certain whether officials will be permitted to negotiate with AECOM or if the project will have to be put out for bid once again. $(document).ready(function() { window.responsive_ads.prepend_hybrid_ad_html("#advert_hybridad1_mobile", '\u003Cp class\u003D\u0022story\u002Dbelow\u0022\u003EStory continues below\u003C/p\u003E', 1); }); $(document).ready(function() { window.responsive_ads.prepend_hybrid_ad_html("#advert_hybridad2_desktop", '\u003Cp class\u003D\u0022story\u002Dbelow\u0022\u003EStory continues below\u003C/p\u003E', 1); }); Dive Insight: Last month, Kansas City voters, obviously eager for a more expansive and amenity-rich terminal, approved the new project by an overwhelming 75%For many, the vote was supposed to be the culmination of a contentious procurement process that saw consortia led by AECOM and hometown team Burns & McDonnell, who first proposed the terminal project, lose out to Edgemoor. The council's selection committee gave the nod to Edgemoor back in September, but it wasn't even a few weeks later that questions about the selection process began to arise — not the least of which was how the bidders were rankedAn informal tally had AECOM leading the pack as late as mid-August  Massive airport terminal and redevelopment projects are moving forward with greater frequency because many terminals were built during the 1960s and 1970s in order to accommodate an uptick in public air travel. Two projects at LaGuardia Airport in New York City total $8 billion, representing one of the most ambitious airport redevelopments currently underwayLaGuardia Gateway Partners (LGP) is engaged in a $4 billion replacement of Central Terminal B and will operate and maintain the new building when construction is complete. Delta is also building a new terminal at LaGuardia, this one $4 billion as wellWhile the Central Terminal B project will use at least two-thirds private financing and passenger fees, Delta is funding $3.4 billion of the new terminal, with the Port Authority of New York and New Jersey picking up the rest of the bill.  Recommended Reading: The Kansas City Star Updated: KCI in the lurch after KC Council shoots down agreement with Edgemoor Follow Kim Slowey on Twitter share tweet post email print Filed Under: Commercial Building Top image credit: flickr user FHKE GET THE NEWSLETTER Subscribe to Construction Dive to get the must-read news & insights in your inbox. Email: Select Newsletter: Construction Dive Topics covered: commercial, infrastructure, design, green, regulation, multifamily construction, and more. Daily view sample Select Newsletter: Construction Dive: Tech Weekly Sign up A valid email address is required. Please select at least one newsletter. We care about your privacy. Most Popular 1. Feature How the GOP tax overhaul could affect construction This rock-like aggregate is made from recycled post-consumer glass Kansas City officials nix $1B KCI airport terminal deal NY, NJ kick in $3.7B for Hudson River tunnel Report: Sinking San Francisco tower could pose 'life and fire safety hazard' Staff Picks How AECOM is positioning itself to lead the next generation of infrastructure One year after Trump's election, where are we now? What contractors need to know about OSHA's new silica rule Offsite construction — what you need to know 10 construction industry trends to watch in 2017 What We're Reading The Real Deal New York Hudson Yards construction workers accuse supervisors of sexual harassment Dec18 Winona Daily News For developers, three-month Super Bowl construction ban changes timetables Dec18 Designboom Plans unveiled for 130 William, a New York skyscraper designed by David Adjaye Dec18 View all Events 2018 Construction Users Roundtable National Conference Feb 12 – Feb 14, 2018 Sheraton Grand at Wild Horse Pass | Chandler, Arizona Columbus Build, Remodel & Landscape Expo Jan 5 – Jan 7, 2018 Seattle Remodeling Expo Jan 5 – Jan 7, 2018 Charleston Build Remodel & Landscape Expo Jan 6 – Jan 7, 2018 View all events JOBS 3M Sales Specialist - Construction Safety, 3M Personal Safety Division (New York, NY) New York, NY View all jobs LIBRARY eBook 5 Factors that Distinguish a High Performance Construction Field Solution CMiC Webinar 3 Ways Digital Project Management Can Improve Your Construction Team's Workflow Procore Webinar Win More Business with Green Building Procore View all Read next Feature Insurance 201: Beyond general liability and workers' comp There are number of specialty insurance policies, including wrap-up and Subguard, that contractors might not know they need.    Commercial Building Feature How the GOP tax overhaul could affect construction Congress is expected to vote on a tax overhaul this weekHere's an overview of what it means for the construction industry. Commercial Building Report: Sinking San Francisco tower could pose 'life and fire safety hazard' The hazard was reportedly redacted in a December 2016 report to homeowners, though it's unclear who blacked out the assessment's findings. Commercial Building Get Construction Dive in your inbox The free newsletter covering the top industry headlines Email: Select Newsletter: Construction Dive Topics covered: commercial, infrastructure, design, green, regulation, multifamily construction, and more. Daily view sample Select Newsletter: Construction Dive: Tech Weekly Sign up A valid email address is required. Please select at least one newsletter. We care about your privacy. Explore Submit A Tip Editorial Team About Newsletter Press Releases What We're Reading Advertising Contact Get the App Follow Feedback Work Email: Message: Submit Please leave this field blank

Trending Kansas News:


  • Does the International House of Prayer have designs on Hyde Park?
  • 5 Things to do this week
  • KeyBank Arranges $19M Refinancing of Multifamily Property in Overland Park, Kansas
  • More Local News
  • How 5 siblings pleading to stay together as a family became a ‘great crisis’
  • Star Magazine | A new book, ‘The Kings of Cut-Rate,’ details the history of Katz Drug
  • Airbnb hosts in KC may soon face hundreds of dollars in fees
  • 1,678 Acre Missouri Ranch, Lake Property to Be Sold to Highest Bidder
  • NorthPoint quietly completes one of the largest real estate deals in KC history
  • New effort to find empty school buyers
  • New poll shows presidential race tightening in Kansas
  • Douglas County farmland values buck statewide trend downward
  • Derby, KS Homes For Sale & Real Estate
  • Tiny house a big hit
  • Kansas to allow carrying of concealed guns without permit
  • Kansas City Realtor follows a whim, discovers true calling
  • ‘Troost Wall’ the product of Kansas City’s long-running racial plight: Racist real estate practices leave urban decay
  • FAU Buy Vs. Rent Index Shows U.S. Housing Market Moving Deeper Into Buy Territory In Terms Of Wealth Creation
  • New residential real estate franchise growing quickly
  • Mourners gather for funeral of slain Kansas police captain