kci new terminal update · 01/11/2018  · kci success by the numbers. 4. new airlines. 6. months...

KCI New Terminal UpdateBusiness Session

November 1, 2018

AGENDA

• Overview

• Ordinance

• Edgemoor Team’s Commitment

• Next Steps

KCI SUCCESS BY THE NUMBERS

4NEW AIRLINES

6MONTHS OF TRAFFIC

EXCEEDING 1M PASSENGERS

12CONSECUTIVE

MONTHS OF YEAR-OVER-YEAR

TRAFFIC GAINS

8NEW NON-STOPDESTINATIONS

ORDINANCE

USE & LEASETERM SHEET

DEVELOPER’S PLEDGE

DEVELOPMENT AGREEMENT

KCI TERMINALMODERNIZATION

ORDINANCE

COMMUNITY BENEFITS AGREEMENT

ORDINANCE

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

• Between the Airlines and Kansas City

• Defines how the Airlines will pay for the project

• Shift from compensatory to residual agreement

USE & LEASE 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

$ MillionsExhibit K Estimate

2015

Airlines Budget Early Design

June 2018

Edgemoor Total ––––– –––––

KCAD Project Costs, Airline Costs, PMG ––––– –––––

SUBTOTAL $964 $1,400

PROJECT COSTS

$ MillionsExhibit KEstimate

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

PROJECT COSTS

$ MillionsExhibit 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)

Financing Costs (1) $289 $340 $401

TOTAL $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

NEW TERMINALPARKINGGARAGE

TERMINAL B

ATCT

TERMINAL C

CENTRAL UTILITY PLANT

WORLD-CLASS PASSENGER EXPERIENCE

TECHNOLOGY

USOACCESSIBILITY

INCLUSIVE PLAY AREA

WORLD-CLASS PASSENGER EXPERIENCE

WORLD-CLASS PASSENGER EXPERIENCE

TRANSFORMATIONAL PROJECT

TRANSFORMATIONAL PROJECT

20%MBE

15%WBE

Edgemoor Participation Goals:

TRANSFORMATIONAL PROJECT

LEAD BANK PARTNERSHIP BONDING ASSISTANCE KC STRATEGIC PARTNERSHIP PROGRAM

TRANSFORMATIONAL PROJECT

CHILD CARE SERVICES

WORKERTRANSPORTATION

JOB READINESS & TRAINING

ON-SITECLINIC

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.com

cwcjw.comBusiness & Employment Opportunities

flykci.com

KCI-Edgemoor

KCIAirport

KCIEdgemoor

@kciairport

PROJECT TIMELINE

Completed Activities Future Activities

STEP 1

2017 2018 2020 2021 2022

EnvironmentalAssessmentBegins

MOU Approved

Design ValidationComplete

Concept Design

Complete

Environmental Assessment

Approval

Finalize Development

Agreement

Schematic Design Begins

Terminal A DemolitionUtility Work,Road Work

New TerminalGroundbreakingCeremony

Construction Begins on New Terminal

Foundations Work Begins

Structural Work Begins

New TerminalGrand Opening

20232019

NEXT STEPS

We are here

PASSAGE OF ORDINANCE

FAA APPROVES EA

GROUNDBREAKING

FINANCING

TERMINAL A DEMOLITION

CONSTRUCTION

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