Our readers took note of increasing skepticism regarding the fate of New KCI.
One of our smarter readers sent us this message . . .
"The unbiased consultant quoted by the biz journal told the truth . . . Bottom line, New KCI is not ready and they haven't prepared the local partners for the challenges ahead. They're bound to FAIL."
Accordingly, here's a passage that stands out . . .
What are some disadvantages with having a high percentage of local retail and food tenants?
It depends on whether Vantage plans to bring in national operators to run the local brands or whether the local operators will be in charge, consultant Ann Ferraguto said.
“For instance, if it’s an industry operator who’s very familiar with operating in airports that is licensing the brand, then they’re going to know the ins and outs of operating in an airport. So that’s a good thing. … If it’s a true local operator coming in, there’s a learning curve — and it’s a pretty steep learning curve.”
In airports, the hours are longer, sometimes the hourly rates are higher, and employees and tenants face additional security measures, including passing background checks and locking up all the kitchen knives when a business isn’t open. If a contractor is coming in to fix equipment, that individual must be escorted, she said. Another downside is the expense of building out an airport storefront.
Local operators also must learn to navigate the airport rushes and lulls — and deal with large numbers of time-crunched, impatient customers.
Translation . . .
THE CONCESSIONS HOT MESS IS ONE OF MANY REASONS NEW KCI IS ALREADY GEARING UP TO CRASH & BURN!!!
Moreover . . . Nobody is happy with how this deal turned out. Expect more complaints VERY soon . . .
Read more via www.TonysKansasCity.com news (paywall) link . . .
Vantage Airport Group's local tenant emphasis at KCI has upsides, downsides, expert says - Kansas City Business Journal
Vantage Airport Group is ready to help local businesses take flight at the new Kansas City International Airport single terminal. It plans to make 80% of the food, beverage and retail tenants local, which could bring challenges.