Denver Approves $1.8 Billion Public-Private Airport Contract

The Denver City Council has approved a $1.8 billion public-private partnership project to redesign the Jeppesen Terminal of Denver International Airport. P3s, which are more commonly used in Europe, Australia and Canada, are typically made up of a private consortium of companies to design, build and finance a project while ownership remains with the public entity. The project is expected to create 400 to 450 construction jobs, more than 800 permanent jobs and "generate an additional $3.5 million in annual taxes and general fund revenue for the City of Denver," the airport said in a statement.

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