KCI New Terminal Update
Business Session November 1, 2018
AGENDA • Overview • Ordinance • Edgemoor Team’s Commitment • Next Steps
KCI SUCCESS BY THE NUMBERS
4 6 8 12
NEW AIRLINES
MONTHS OF TRAFFIC EXCEEDING 1M PASSENGERS
NEW NON-STOP DESTINATIONS
CONSECUTIVE MONTHS OF YEAROVER-YEAR TRAFFIC GAINS
ORDINANCE
ORDINANCE
KCI TERMINAL MODERNIZATION ORDINANCE
DEVELOPMENT AGREEMENT
COMMUNITY BENEFITS AGREEMENT
DEVELOPER’S PLEDGE
USE & LEASE TERM SHEET
DEVELOPMENT AGREEMENT • Builds on the Terms Defined by the MOU • Contains Typical Contract Terms • Establishes a Guaranteed Maximum Price (GMP) • Commits to Significant Workforce Goals • Utilizes Project Management Committee / Steering Committee Structure from Exhibit K
COMMUNITY BENEFITS AGREEMENT
• Job Training • Financial Services • Bonding / Insurance • Worker Benefits
DEVELOPER’S PLEDGE
• Voluntary Commitment for Edgemoor to Achieve Goals of 20% MBE and 15% WBE Participation • Establishes Framework for Evaluation • Provides Tools to Pursue Goals
USE & LEASE AGREEMENT
• Between the Airlines and Kansas City • Defines how the Airlines will pay for the project • Shift from compensatory to residual agreement
PROJECT BUDGET $ Millions
Exhibit K 2015
Edgemoor Total
–––––
KCAD Project Costs, Airline Costs, PMG
–––––
SUBTOTAL
$964
EXHIBIT K OVERLAY
EXHIBIT K FOOTPRINT
CURRENT DESIGN FOOTPRINT
PROJECT COSTS Exhibit K Estimate 2015
Airlines Budget Early Design June 2018
Edgemoor Total
–––––
–––––
KCAD Project Costs, Airline Costs, PMG
–––––
–––––
SUBTOTAL
$964
$1,400
$ Millions
PROJECT COSTS Exhibit K Estimate 2015
Airlines Budget Early Design June 2018
Development Agreement October 2018
Edgemoor Total
–––––
–––––
$1,459
KCAD Project Costs, Airline Costs, PMG
–––––
–––––
$175
SUBTOTAL
$964
$1,400
$1,634
$ Millions
PROJECT COSTS Exhibit K Estimate 2015
Airlines Budget Early Design June 2018
Development Agreement October 2018
Edgemoor Total
–––––
–––––
$1,459
KCAD Project Costs, Airline Costs, PMG
–––––
–––––
$175
SUBTOTAL
$964
$1,400
$1,634
Escalation
$153
–––––
–––––
Less: Other Revenue Sources
(156)
(104)
(112)
$ Millions
Financing Costs
(1)
TOTAL
$289
$340
$401
$1,250
$1,636
$1,923
(1) Estimated capitalized interest, debt-service reserve fund, costs of issuance
AIRPORT FARES
EDGEMOOR COMMITMENTS
WHERE WE’VE BEEN • • • • • • •
Voters Approved New Terminal - 76% Say Yes Council Approved MOU Nearly 1,000 Attended Two Rounds of Design Workshops Across the City Dozens of Council-Member District and Civic Organization Presentations Labor and Project Team Sign First-Of-It’s-Kind Labor Agreement Collaboration With All Key Stakeholders – KCAD, Airlines, City Council, Staff 50+ Local Firms Added to the Team • 33 of which are minority- or woman-owned firms
• Elements of CBA Program Implemented • KC Strategic Partnership Program • Pay Without Delay
TERMINAL C
PARKING GARAGE
TERMINAL B
ATCT
NEW TERMINAL CENTRAL UTILITY PLANT
WORLD-CLASS PASSENGER EXPERIENCE
ACCESSIBILITY
INCLUSIVE PLAY AREA
USO
TECHNOLOGY
WORLD-CLASS PASSENGER EXPERIENCE
WORLD-CLASS PASSENGER EXPERIENCE
TRANSFORMATIONAL PROJECT
TRANSFORMATIONAL PROJECT Edgemoor Participation Goals:
20 MBE
%
15 WBE
%
TRANSFORMATIONAL PROJECT
LEAD BANK PARTNERSHIP
BONDING ASSISTANCE
KC STRATEGIC PARTNERSHIP PROGRAM
TRANSFORMATIONAL PROJECT
CHILD CARE SERVICES
WORKER TRANSPORTATION
JOB READINESS & TRAINING
ON-SITE CLINIC
COMMITMENT TO COMMUNITY
Veterans Community Project
Nourish KC
COMMUNICATION & TRANSPARENCY • Design Workshops • Open House Events • Project Updates & Presentations • Community Ambassadors Group
COMMUNICATION & TRANSPARENCY
KCI-Edgemoor
kci-edgemoor.com
KCIEdgemoor
KCIAirport
cwcjw.com
@kciairport
Business & Employment Opportunities
flykci.com
PROJECT TIMELINE
STEP 1
2017
MOU Approved
2018
Environmental Assessment Begins
Schematic Design Begins
Design Validation Complete
Concept Design Complete
Environmental Assessment Approval
Finalize Development Agreement
Terminal A Demolition Utility Work, Road Work
2019
New Terminal Groundbreaking Ceremony
Construction Begins on New Terminal
New Terminal Grand Opening
Foundations Work Begins
2020
2021
2022
2023
Structural Work Begins
Completed Activities
Future Activities
NEXT STEPS PASSAGE OF ORDINANCE
We are here
FAA APPROVES EA GROUNDBREAKING TERMINAL A DEMOLITION FINANCING CONSTRUCTION
www.flykci.com Twitter: @kciairport Facebook: KCI Airport
www.kci-edgemoor.com Twitter: @kciedgemoor Facebook: KCI-Edgemoor