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Committee approves amendment to airport news-and-gift concession tied to terminal redevelopment
Summary
The Transportation & Commerce Committee voted to send a first amendment to the HG Saint Louis news-and-gift concession agreement out of committee with a due-pass recommendation; the amendment extends the term to Jan. 31, 2031, requires about $3.5 million in tenant construction and reduces the minimum annual guarantee if concourse premises close.
The St. Louis City Transportation & Commerce Committee on Dec. 16 voted to send a first amendment to the news-and-gift and specialty retail concession agreement with HG Saint Louis joint venture out of committee with a due-pass recommendation.
Robert Solerano, airport properties division manager, told the committee the amendment is linked to the airport’s proposed terminal redevelopment. He said HG Saint Louis — described in the presentation as a joint venture including the Hudson Group of New York, local partners OHM Concession Group and…
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