The Real Deal New York

Port Authority budgets billions for airports, WTC

February 04, 2014 06:00PM

The Port Authority of New York and New Jersey earmarked $8 billion of its 10-year capital budget to extensively renovate its airports.

The agency plans to raze Terminal 3 at John F. Kennedy International Airport and redevelop the primary terminal building at LaGuardia Airport. In New Jersey, the PATH train is set to extend its service to connect to Newark Liberty Airport’s Air Train. Newark airport renovations would follow in five years.

The $28 billion budget would also allocate $5 billion for the World Trade Center redevelopment project. The Port Authority has already spent about $10 billion on that project.

“This is probably the biggest investment in airports ever,” Scott Rechler, vice chair of the Port Authority and RXR Realty CEO, told Crain’s. [Crain’s]Mark Maurer

  • Brett

    It’s about time…NYC has the worst airports-JFK & LGA. The design, restaurant offerings, transportation along with staffing is deplorable for the capital of the world.
    We should have the BEST AIRPORTS in the WORLD in NYC not the WORST!
    Not only is it the management at the airports awful especially Terminal 4 @ JFK they are non existent but it is the employees that are hired to manage and run that should be replaced at both JFL and LGA. They need to look at jetBlue’s Terminal 5 @ JFK as a ROLE MODEL and take their direction. Terminal 5 jet Blue JFK is awesome! Well designed, clean, great food choices and shops, well staffed and managed and a dream to navigate from the moment one enters the building to the flight. SO WAKE Port Authority and get working!!!