Missouri Minute: KCI committee picks Edgemoor for single-terminal project; Missouri offering lump-sum pension payouts

Here are today’s top business headlines from across Missouri:

KCI committee picks Edgemoor over Burns & McDonnell, others for new single-terminal airport

A selection committee of city council members and city staffers recommended that a team led by Edgemoor Infrastructure & Real Estate be picked to design and develop a new terminal at Kansas City International Airport. The committee delivered the recommendation on Wednesday, picking Maryland-based Edgemeoor for the approximately $1 billion project ahead of other teams led by AECOM, Jones Lang LaSalle and Kansas City-based Burns & McDonnell. Read more

Missouri offering lump-sum pension payouts to 17,000 former workers

Letters are being sent to more than 17,000 former Missouri state employees asking if they want to cash in early on their pensions. For former workers, the move could mean exchanging a monthly pension check from the state for a lump sum payment worth about 60 percent of their normal retirement annuity. For the state, it could clear the books of an estimated $7 million in annual costs. Read more

Greitens warns against $15 minimum wage, urges ‘law and order with compassion’ on DACA

Gov. Eric Greitens came out strongly against raising the minimum wage to $15 while promoting his economic agenda Wednesday in Kansas City. During his visit, Greitens pointed to a recent study by the National Bureau of Economic Research that tied an overall decline in Seattle workers’ pay to the city’s decision to raise the minimum wage to $15. Read more

Newsy expanding into cable distribution with purchase of cable network subscribers

Newsy, a company that got its start producing video news for the web and mobile devices, will soon make a move into the cable television marketplace. The digital news outlet, which was founded in Columbia, will begin delivering its programming on cable and satellite TV after its parent company, the E.W. Scripps Company, acquired carriage contracts from the Retirement Living Television (RLTV) cable network. Read more

New route for Ameren’s northeast Missouri transmission line gains local approval

An electric transmission project planned for northeastern Missouri has passed a crucial hurdle, securing local approval in the five counties along its proposed route. Ameren, the St. Louis-based utility, announced Wednesday that it had finalized the planned route for its high-voltage Mark Twain Transmission Project, after obtaining the last of the local assents needed to pave the way for the line. Read more

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