The Ad Hoc Committee of the Gary/Chicago International Airport Authority, appointed to evaluate public-private partnership (P3) proposals to invest in the airport and the surrounding area, today announced it has entered into exclusive negotiations with Aviation Facilities Company Inc./AvPORTS (AFCO).
The Committee expects to conclude negotiations in the coming weeks and present a final recommendation to the Gary/Chicago International Airport Authority next month.
“Entering into exclusive negotiations is an important step toward our goal of unlocking the value of the airport and the surrounding area to attract jobs, long-term investment and professional management to the airport,” said Carrie J. Hightman, Chair of the Ad Hoc Committee and Executive Vice President and Chief Legal Officer of NiSource Inc.
In September, the Committee announced it had begun negotiations with two leading respondents – Aviation Facilities Company Inc./AvPORTS and the GCIA Group.
“We are proud to have been selected to enter into exclusive negotiations for development and management of Gary/Chicago International Airport,” said Steven R. Forrer, Executive Vice President, Aviation Facilities Company Inc. /AvPORTS. “We look forward to concluding negotiations quickly so that we can get to work.”
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