The Gary/Chicago International Airport Authority on Friday released a Request for Expressions of Interest and Qualifications (REIQ) from private sector interests to gather a broad array of approaches and ideas to invest in the airport and the surrounding area through a potential public-private partnership (P3).

The Airport will follow up the REIQ with a formal Request for Proposals (RFP) later this summer. In addition to the P3 exploration, major construction at the airport of a $166 million runway extending the main 7,000-foot runway by 1,900 feet continues.

A team of a highly-qualified financial experts, project managers and legal advisers were engaged by the Airport Authority in April to assist in the P3 exploration. The team includes A.C. Advisory Inc., JClark Consulting Group, LLC and Faegre Baker Daniels LLP.

Responses to the REIQ are due by 5 p.m. Central Daylight Time (CDT) Monday June 17, 2013. Supportive due diligence and supplementary materials will be made available to interested respondents on a website established by the City of Gary, www.FaegreBD.com. Respondents are requested to register with the law firm, Faegre Baker Daniels. The registration must be in electronic format and indicate the respondent's intent to participate in this REIQ process.

Source: Gary Airport