St. Louis picks firms to advise on airport privatization process

A committee has selected an adviser team to help the city of St. Louis navigate a potential privatization of St. Louis Lambert International Airport.

The committee, comprised of representatives from the offices of Mayor Lyda Krewson, Comptroller Darlene Green, Board of Aldermen President Lewis Reed and City Counselor Julian Bush, selected Grow Missouri, Moelis & Co. and McKenna & Associates to be the team.

Grow Missouri is a nonprofit funded by billionaire conservative activist and former Mayor Francis Slay supporter Rex Sinquefield, and it helped Slay in launching the privatization initiative. Moelis & Co., is an investment bank based in New York, and McKenna & Associates is a firm based in Arlington, Virginia.

The committee said Moelis would be the lead financial adviser “in seeking and evaluating bids and conducting a rigorous analysis of the financial terms thereof.” It said McKenna would identify “the most qualified contractors and subcontractors for the advisory team which are subject to approval of the city,” and that Grow Missouri would support and underwrite the evaluation process.

Krewson said in a letter to aldermen Friday that the team is needed to consult with and assist in defining terms and conditions under which the city will consider a private operator, “and ultimately in soliciting and evaluating the qualifications and proposals from potential operators.”

Read more: St. Louis Business Journal, St. Louis Post-Dispatch

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