STATEMENT: Edgemoor addresses city council's rejection of MOU for $1B airport remodel

The developer chosen by the city to design, build and privately finance the renovation of Kansas City International Airport (Code: MCI) into a single terminal remains “confident” it can reach an agreement despite “new concerns.”

The status of the bid led by Maryland-based Edgemoor Infrastructure & Real Estate LLC fell into question Thursday, after the City Council voted 9-4 to reject an ordinance authorizing the city manager to execute a memorandum of understanding that laid out a framework for…

Source: Arizona Business Journal