Thursday, February 07, 2019
TKC EXCLUSIVE!!! COUNCIL LADY JOLIE JUSTUS FAKE NEWS AIRLINE DEAL BUSTED BY COUNCIL COLLEAGUES!!!
Most of the news about the airport is made up garbage pushed by desperate politicos wanting to become mayor.
To wit . . .
COUNCIL LADY JOLIE JUSTUS TOUTING A "NEW KANSAS CITY AIRPORT DEAL WITH THE AIRLINES" WAS MYTH BUSTED BY HER FRIENDS ON THE COUNCIL!!!
Fact is: THERE IS NO DEAL. The airlines are simply coming back to Council giving them a budget.
Even better . . .
NEWSIES TRIED TO CONFIRM THE COUNCIL LADY JOLIE JUSTUS "DEAL" AND INSTEAD LEARNED ABOUT THE $1.5 BILLION BUDGET THAT THREATENS THE CURRENT EDGEMOOR DESIGN!!!
Decent news outlets updated their story and threw just a bit of salt on the Jolie Justus for Mayor campaign blast.
KSHB: Airlines reach agreement on new KCI terminal, Councilwoman Jolie Justus says
KMBC: Airlines at KCI agree to deal for new airport terminal, but at lower cost
And now things get even more fun, here's the hot take from an insider on this sordid state of affairs and the implications of how the new KCI has already started to crash & burn:
Is the New KCI deal about to get real?
This is where the new KCI deal is about to get real. According to several reports, the airlines have finally set a maximum price they will pay at 1.5 billion dollars. This is allegedly a “hard” figure, meaning they really won’t pay more than that. If that’s true, the big question is whether Edgemoor is willing to sign a deal with 1.5 billion as a “hard” Guaranteed Maximum Price (GMP).
Builders like Edgemoor are extremely reluctant to agree to a truly “hard” GMP because large construction projects like this are notorious for cost overruns. If the builder agrees to a fixed price and costs take off, it could face staggering losses on a deal of this size. That’s why the construction contract with Edgemoor, pending approval by City Council, has this clause . . .
Click here to read the fine print . . .
According to this deal, Edgemoor agrees to a GMP of 1.48 billion “except as modified by the terms of this Agreement.” And there are lots of terms in this agreement that allow the final cost to rise well above 1.48 billion. In fact, the agreement allows the GMP to go up construction advances. If KCI turns out to be like the Edgemoor cost overruns documented by Councilman Wagner at Sea-Tac airport (Seattle), costs could go way up.
What are the airlines saying we won’t play this game? If so, Edgemoor may have to make a big decision soon.
To wit . . .
TRANSLATION: EDGEMOOR CAN'T BUILD THE NEW KANSAS CITY AIRPORT FOR $1.5-BILLION AND THEY'RE NOT GOING TO PAY THE DIFFERENCE!!!
The reality is that the Council Lady Jolie now owns every penny of this new airport hot mess in a campaign stunt that blew up in her face less than 20 minutes after her first tweet on the topic.
Moreover, Kansas City taxpayers FINALLY seem to be learning that they'll be stuck with the EPIC $4-BILLION PRICE TAG for the new airport if elected leaders don't soon change course and veer away from so much dangerous hype.
You decide . . .