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Committee advances electronics-retail concession amendment tied to terminal plan
Summary
The committee passed a second amendment to the electronics retail concession with HG Saint Louis joint venture 2, noting a current MAG of $375,000 that could be reduced to zero as larger concourse stores close under the proposed terminal redevelopment; committee asked staff clarifying timeline questions.
The Transportation & Commerce Committee voted Dec. 16 to send a second amendment to the electronics retail concession agreement with HG Saint Louis joint venture 2 out of committee with a due-pass recommendation.
Robert Solerano, airport properties division manager, said the electronics retail agreement is a separate legal entity from the news-and-gift concession but involves the same legal partners. He told the committee the amendment…
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