- Associated Press - Thursday, September 10, 2015

DES MOINES, Iowa (AP) - A public-private partnership is being explored as a way to pay for a new terminal at Des Moines International Airport.

The Des Moines Register reports (https://dmreg.co/1XOUw99 ) that financing consultants discussed the possibilities at Tuesday’s meeting of the Airport Authority Board.

David Fisher, a retired corporate executive hired by the airport to find funding for the terminal, says there could be tremendous savings.

Airport executive director Kevin Foley says the potential benefits merited further research, but he is against privatizing the construction or operation of facilities outside the terminal such as parking garages, which generate a profit for the airport.

Airport officials say the old terminal is too small, becoming costly to maintain and isn’t configured for modern security and passenger needs.

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Information from: The Des Moines Register, https://www.desmoinesregister.com

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