The Kansas City Council got its first look Thursday at the document detailing when and how the new single terminal at Kansas City International Airport will be built, including goals for employment of minority- and women-owned firms.
The 50-page document, called a memorandum of understanding, is not the final word on the long-debated venture. It offers no specifics about how the Maryland-based developer, Edgemoor Infrastructure & Real Estate, plans to make good on its promise to finance the entire $1 billion project.
It also lacks hard numbers on how many jobs will be created, something officials say won’t be available until the terminal’s design is complete.
Those provisions will have to wait for two other development agreements, an interim version and a final accord, to be completed over the next six to nine months.
Voters on Nov. 7 overwhelmingly approved the proposal to transform the 40-year-old airport from its three horseshoe terminals to a new single one. City officials have said the plan is still to break ground in the fall of 2018 and have the terminal up and running by late 2021.