Airport revenues come from passengers and other airport users, such as the city’s 1¢ sales tax on all items sold at KCI and other airport-owned facilities. The voters can approve bonds in a election if necessary.
The approved ballot language seeks voter support to allow the city to design and construct a new passenger terminal at KCI and demolish the existing ones, with all costs paid solely from money derived from the city’s airports and related facilities “and without the issuance of general airport revenue bonds unless such general airport revenues bonds have received prior voter approval.” The council voted unanimously to leave the financing question up to the voters.
The city is weighing four proposals to design and construct the new terminal, all of which are said to focus on private financing that could conceivably allow for faster and less expensive construction. However, polling in Kansas City has shown that voters don’t favor public bonds.
Bonds are usually the cheapest financing method for publicly owned infrastructure, such as an airport.
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