The selection of Edgemoor comes after a multi-step procurement process that included separate qualifications-based and financing-based submissions, an interview, and follow-up questions posed by the City to all the proposers.
Upon hearing the news, Geoffrey Stricker, Managing Director of Edgemoor, said that he “is humbled and honored to have the opportunity to be involved in this once-in-a-generation project that will not only deliver a much-needed new airport terminal for the City of Kansas City but also create jobs and drive economic development for Kansas City.” According to Stricker, “the entire Edgemoor Team looks forward to partnering with the City Council, staff, the aviation department, airlines, citizens, and the business community in an open, collaborative process to develop, design, and deliver a new, state-of-the-art terminal that reflects the core values and aspirations of Kansas City.”
Led by developer Edgemoor Infrastructure & Real Estate, the Team also includes equity investor Meridiam Infrastructure, and a design-build joint venture comprised of Clark Construction Group, Kansas City-based contractor Clarkson Construction, and The Weitz Company. Skidmore, Owings & Merrill (SOM) will serve as the lead architect, and Project Finance Advisory Limited (PFAL) will be the financial advisor.
Edgemoor will bring together key stakeholders, including the City, Aviation Department, airlines, the business community, and residents to validate requirements and preliminary design concepts to ensure the new terminal captures the key elements of convenience, passenger experience, and efficient airline operations.
“We believe that Edgemoor offers Kansas City and its citizens the most flexible solution for design and financing, provides the greatest value, and will deliver a new terminal for Kansas City that reflects the community’s involvement and input,” said Bill Clarkson, President of Clarkson Construction and member of the Edgemoor Team.
About Edgemoor Infrastructure & Real Estate:
Edgemoor is thrilled to partner with the City, the Airport, and the citizens of Kansas City, MO to deliver a cost-effective and efficient new single terminal and ancillary facilities at Kansas City International Airport. As a leader in the development, financing, and operations of public buildings, infrastructure, and commercial real estate, Edgemoor has delivered (or has under construction) more than $2 billion public-private partnerships (P3s), including the KU Central District Development project in Lawrence, KS; the Long Beach Courthouse and Long Beach Civic Center projects in Long Beach, CA; and the University of California, San Francisco Sandler Neuroscience Center.
Edgemoor is a leading vertically-integrated developer and asset manager of buildings and infrastructure and offers tailored comprehensive development solutions to a broad range of clients.