LaGuardia Airport Redevelopment Deal Reaches Financial Close

Another major milestone has been reached in the redevelopment of LaGuardia Airport. Yesterday, the Port Authority of New York and New Jersey signed off on a 35-year lease agreement and closed the financial deal with LaGuardia Gateway Partners on the redevelopment of LaGuardia Airport. Construction on the new 35-gate Terminal B is expected to begin soon. Under the $4 billion contract, LaGuardia Gateway Partners – the nation’s largest public-private partnership – will design, build, operate and maintain the facility. Private financing and existing passenger fees will pay for more than two-thirds of the project. Overall, the redevelopment of LaGuardia is expected to create 8,000 direct jobs and 10,000 indirect jobs. New facilities will begin to open to the public in 2018, with all portions of the new Terminal B slated to open by the end of 2021.

Snow Closings Updated Regularly

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