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