Friday
November 10, 2017


 

 

 

Company named to run Westchester airport

WHITE PLAINS – Westchester County Executive Robert Astorino has selected Macquarie Infrastructure Corporation to operate Westchester County Airport as part of a $1.1 billion public-private partnership aimed at improving the airport without expanding its footprint.

Macquarie was the unanimous choice of a bipartisan task force comprised of Astorino’s administration and the board of legislators to evaluate the three proposals received in April to manage, operate, maintain and improve the airport in accordance with an FAA program. That would allow the county, for the first time, to use revenues generated at the airport to help pay for police, parks, roads, day care and other services.

Under Macquarie’s proposal, the county will net $1.145 billion over the course of the 40-year lease. Under terms of the lease, the county will receive just over $300 million upfront, which includes lease payments, money transferred to the general fund from county money locked at the airport and various reimbursements.

County Board of Legislators’ Chairman Michael Kaplowitz said he believes “it is appropriate to take into consideration the opinions of County Executive-elect George Latimer during our budget deliberations. I also believe that any decisions regarding the privatization of the Westchester County Airport should not be undertaken until the new administration has an opportunity to fully research the RFP respondents’ proposals.”

 


Copyright © 2017 Mid-Hudson News Network, a division of Statewide News Network, Inc.
This story may not be reproduced in any form, by any media, without express written consent.
This includes rewriting, broadcasting and/or printing of material from MidHudsonNews.com,
by websites, radio and television stations, newspapers or other media

 

 


HEAR today's news on MidHudsonRadio.com, the Hudson Valley's only Internet radio news report.