A First of its Kind in the Nation - Kansas City Partners with Private Companies to Design, Build and Finance a New One Terminal Airport
KANSAS CITY, MO After challenging Kansas City, Missouri, business leaders to step up and help determine the future of the Kansas City International Airport, Mayor Sly James announces a proposal put forward by Burns & McDonnell to design and build a new one-terminal airport, and lead a team of private investors, such as Americo, to finance the project. The privately funded terminal idea is believed to be a first of its kind in the nation.
"From day one, any discussion of a new airport terminal, in my mind, required leadership from the business community. The proposal outlined today is just that," said Mayor Sly James, Kansas City, Missouri. "This is the kind of innovative thinking that Kansas City should be proud of."
Burns & McDonnell Chairman and CEO, Ray Kowalik, joined Kansas City, Missouri Mayor Sly James to announce a proposal to design and build a new one-terminal airport at KCI and lead a team of private investors to finance the project.
"Burns & McDonnell is committed to investing in the city we all love and provide a creative Kansas City solution to a Kansas City challenge," said Kowalik. "Burns & McDonnell is the largest engineering consulting firm in Missouri and we have significant airport design and construction experience. This is what we do. And we are delighted to have the opportunity to bring this expertise in our home town."
Kowalik says in 2016 alone, Burns & McDonnell employees took more than 33,000 flights through KCI - that is more than 90 flights every single day. He says a one-terminal design is critical to the economic development of Kansas City, creating new jobs and the opportunity for more convenient flights in and out of KCI.
"We're an employee-owned company, so an investment in KCI is not just from Burns & McDonnell, it's from each of our 5,700 employee-owners who use our airport every day and call Kansas City home," said Kowalik.
Through the innovative financing model, the airport would receive financing through private investments, paid for by airport usage fees, with no funds coming from the city's general fund, new taxes, or existing bonds.
Investors Burns & McDonnell and Americo are Kansas City-based companies committed to the future growth of the city.
"Our company has been in this community for generations and the future of our City is very important to us," said Greg Hamilton, Vice President of Investments at Americo Life, Inc. "We look forward to next steps in assisting Burns & McDonnell in assembling the required private funding. We anticipate that we will be part of a large group that will help promote the new terminal project to the voting public."