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28 May 2015

Port Authority Starts First Phase of Comprehensive LaGuardia Airport Redevelopment Project

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The Port Authority’s Board of Commissioners has voted unanimously to begin the first phase of a new vision for an overall redevelopment of New York City’s LaGuardia Airport by selecting LaGuardia Gateway Partners to develop a $3.6 billion world-class facility.

The vote was the culmination of a multi-year procurement process conducted by the Port Authority of New York and New Jersey to select a team of leading private-sector construction, engineering, planning, airport management and finance firms. The team will work with the agency in an innovative public-private partnership to construct the first phase of redevelopment of LaGuardia, which includes demolishing the Central Terminal Building and creating a new world-class facility including a new central entry portal to the airport and unifying previously unconnected terminals.

LaGuardia Gateway Partners is made up of Vantage Airport Group, Skanska and Meridiam for development and equity investment; Skanska and Walsh Construction as the construction joint venture; HOK and Parsons Brinckerhoff as the design joint venture; and Vantage Airport Group for management of the operations.

“This airport is the welcoming point to the greatest state in the country and New York deserves the best,” said New York Governor Andrew M. Cuomo. “I applaud the Airport Master Plan Advisory Panel headed by Dan Tishman for their pro bono work, as well as Gov. Christie, Port Authority Chairman Degnan, Vice Chairman Rechler and Executive Director Pat Foye for working together to put us on track toward building a completely re-imagined, integrated 21st century new LaGuardia.”

“For too long, LaGuardia has been the stepchild of our region’s airports compared to JFK and Newark International,” said Port Authority Vice Chairman Scott Rechler. “Today we took the first step in moving forward with a comprehensive master plan to redevelop LaGuardia into a 21st century, world-class airport that the state of New York deserves.”

“The team is ready to deliver an exceptional experience for the airport community and the travelers who will pass through the new terminal,” said Stewart Steeves of Vantage Airport Group, president and CEO of LaGuardia Gateway Partners. “We will develop a world-class facility and bring the level of operational expertise needed to deliver the airport New Yorkers deserve, both during construction and throughout long-term operations.”

The new world-class LaGuardia facility will be designed to seamlessly integrate with future amenities recommended by the Governor’s Panel such as premier retail and dining space; a hotel; a conference and business center and other modern features that will generate revenue for the Port Authority. The amenities also will include transportation features such as an AirTrain, ferry service and a people mover to help passengers traverse the entire airport.

Construction of the project will be funded by an innovative public-private partnership, with the private sector contributing more than $2 billion and the Port Authority contributing more than $1 billion to construct the airport and supporting infrastructure. LaGuardia Gateway Partners, the private development team, will be responsible for designing, constructing, operating and maintaining the new terminal.

More:

The Port Authority of New York and New Jersey News Release

The Wall Street Journal

The New York Times

Passenger Terminal Today

Airport World

Reuters

Yahoo News

USA Today

ABC News

Crain’s New York

Capital New York

The Moodie Report