LaGuardia Redesign Moves Forward

ALBANY – Governor Cuomo has announced that a comprehensive redesign of LaGuardia Airport has taken a step forward with the approval vote by the Port Authority of New York and New Jersey. The Governor stated in a press release, “the vote approves a lease with LaGuardia Gateway Partners to build and operate a new state-of-the-art Terminal B, with a central hall and concourse that will, for the first time, create a unified airport as well as the site for an air train station.” LaGuardia Gateway Partners, will design, build, operate, and maintain the facility. The risk of cost overruns or schedule delays in the LaGuardia project will be transferred from the Port Authority to LGP, a private airport developer selected and approved in May 2015 by the Port Authority Board after a competitive request-for-proposals process. Ultimately, the governor’s plan is to transform the aging LaGuardia Airport into a world-class transportation hub, he says, “New York has always deserved.” The newly approved lease is the first phase for meeting that goal. Two-thirds private funds and existing passenger fees finance the projected $4 billion dollar project. Construction is scheduled to begin later this year.

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