Kansas City aviation officials and airlines received good news Thursday as developers of Kansas City International Airport’s new terminal said they would build it for $1.5 billion, $140 million less than previously planned.
Airlines serving KCI had reached an accord Wednesday on an agreed price tag.
Airlines will be responsible for any cost overruns, since voters agreed in November 2017 that the city would use no taxpayer funds.
Developer Edgemoor Infrastructure and Real State, the Kansas City Aviation Department and most of the airport’s eight carriers were in agreement of the deal.
Consensus on the prior $1.64 billion budget had stalled when two smaller airlines expressed concerns about the cost.
After seven years of project discussions, Mayor Sly James said the agreement was a big step.
Read more: Kansas City Star.