St. Louis considers privatizing airport

June 19, 2018 by  

St. Louis’s Board of Estimate and Apportionment recently approved an agreement with a number of advisors including Grow Missouri, Inc., McKenna & Associates, and Moelis & Company, who will consult with the city about privatizing the airport. The team of advisors includes experts from across the country and within the local area who have experience in public-private ventures.

The purpose of creating the advisory team is to help determine if bringing in a third party to operate and manage St. Louis Lambert International Airport would improve the services the facility provides to visitors, residents, and businesses. The team will also consider how St. Louis can use the airport to improve future economic development. The city has no plans to sell the field, and taxpayer money will not be used to fund the study.

St. Louis’s mayor, Lyda Krewson, said the sole reason the city is considering privatization is to make the airport better. Any final agreement to turn the airport over to a private party would have to be approved by the Board of Aldermen, the Board of Estimate and Apportionment, a majority of airlines that use the field, and the Federal Aviation Administration. In addition, the new operator must honor collective bargaining agreements.

Measures like this have a wide impact, so officials might consider working with a flyer printing company to create a letter for residents, updating them on the issue.