St. Louis to look into privatizing airport
ST. LOUIS (AP) — St. Louis officials have approved hiring consultants to determine whether to lease the city’s airport out to a private operator.
The St. Louis Post-Dispatch reports that the city’s Board of Estimate and Apportionment voted 2-1 Wednesday to look into privatizing the St. Louis Lambert International Airport.
Supporters see privatization as a chance for St. Louis to make money, but critics question transparency and conflicts of interest.
Comptroller Darlene Green gave the lone opposing vote. Green says a private entity would put bottom-line profit over public service. She says voters should approve any final decision to lease the airport.
Mayor Lyda Krewson says it’s unclear whether there would be a final vote at the end of the exploration process, which could take up to three years.
Information from: St. Louis Post-Dispatch, http://www.stltoday.com