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Airport Privatization Advisory Team Chosen

June 14, 2018 - 8:52 am

ST. LOUIS (KMOX) -St. Louis has chosen the advisory team that will help the city figure out whether Lambert Airport should be privatized.

The group includes Moelis and Company, McKenna and Associates, billionaire Rex Sinquefield's "Grow Missouri" and more. The city says Grow Missouri will pay for the process.

This doesn't mean the city's selling the airport; it means it would contract with an outside company to manage the airport. Any final management agreement, should one be reached, would have to meet 11 requirements, including assumption of existing leases and contracts, adding more flights, and paying off all the airport's debt.

St. Louis Comptroller Darlene Green, in a statement, blasted the decision, saying the airport commission was left out of the decision, and the airport's shown 31 months of passenger growth and has had two credit upgrades. She thinks privatizing its operations would disrupt that growth.