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GREAT HALL INITIATIVE
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Great Hall Event Timeline
DEN Issues RFQ ShortlistFour Teams DEN Issues RFP Great Hall Partners Selected City Council Approves PDA DEN/TSA MOU PDA Extended Six Months DEN/ GHP Finalize DA City Council Approves DA Comm. Close Achieved GHP Issues Bonds Financial Close Achieved Jan 2015 May 2015 Feb 2016 Jun 2016 Aug 2016 Dec 2016 Mar 2017 Jul 2017 Aug 2017 Dec 2017 3 yrs
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PROJECT GOALS Improve airport safety and security
Rebalance processing facilities to optimize Jeppesen Terminal for the next years Enhance operational efficiency Upgrade aging systems, facilities and conveyances Provide sufficient curbside capacity to accommodate growth Transform passenger experience Optimize revenue potential
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WHY A PUBLIC-PRIVATE PARTNERSHIP (P3)?
Provides opportunity to collaborate with private sector firms, incorporating their creativity, expertise and capital Leverage private sector capital for risk transfer P3 partner and airport share operational and financial risk Shorter project delivery time at lower cost Guaranteed price and schedule
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New TSA Security Screening Checkpoint Consolidated Ticket Lobbies
GREAT HALL COMPONENTS – LEVEL 6 New TSA Security Screening Checkpoint Consolidated Ticket Lobbies A Bridge Connection
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GREAT HALL COMPONENTS – LEVEL 5
Bag Claim Airside Plaza Landside Plaza
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SECURITY
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NEW AIRSIDE PLAZA
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DEVELOPMENT AGREEMENT
Great Hall Partners: Contributes a combination of equity and debt Designs and builds project Assumes risk for price and schedule Operates the concessions on levels 5 and 6 DEN: Pays for part of construction costs through our Capital fund Splits the concession revenue 80% to DEN, 20% to Great Hall Partners Reimburses Great Hall Partners for operations and maintenance costs for operational period
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FINANCIAL COMPONENTS Three main components
Design and construction costs DEN and Great Hall Partners contribute Financing costs Great Hall Partners invests equity and debt Operations and maintenance expenses DEN pays Great Hall Partners annual supplemental payment over 30 yrs
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