Naming of $3.6B LaGuardia project developer delayed

Three teams in the running to build and operate terminal site

TRD New York /
September 11, 2014 04:10 PM

The Port Authority of New York and New Jersey has pushed back its selection of a team to redevelop the Central Terminal at LaGuardia Airport.

The teams in the running are Lend Lease, Macquarie Capital Group, Turner Construction and Hochtief AirPort GmbH; O&G Industries, Zachry Construction, Kohn Pedersen Fox and Ove Arup & Partners; and Skanska, Vantage Airport Group and Parsons Brinckerhoff. The board meeting, slated for later this month, will instead occur Oct. 22.

“A few months isn’t the issue,” Thor Equities chief Joe Sitt, founder of the Global Gateway Alliance, told Crain’s. “What matters to us is New York getting a 21st-century terminal that starts the process of changing LaGuardia’s perception from ‘Third World’ to ‘world class.'”

The reconstruction of the terminal is estimated to cost about $3.6 billion. The agency released a request for proposals in March, as previously reported. The decision to name a developer had already been delayed from July. [Crain’s]Mark Maurer


Related Article

arrow_forward_ios
Thor Equities chairman Joe Sitt and 1006 Madison Avenue

Thor in danger of losing Madison Ave property

545 Madison Avenue and Thor Equities' Joe Sitt

Thor Equities in hot water at 545 Madison

From left: Joseph Sitt, Yaron Jacobi and Uzi Ben Abraham; 117 East 15th Street, 1122 Madison Avenue and 96-33 Queens Boulevard (Credit: Google Maps, Getty Images)

Here’s what the $10M-$30M NYC investment sales market looked like last week

680 Madison Avenue and Thor Equities CEO Joe Sitt (Credit: Google Maps)

Joe Sitt’s Thor wants $370M for Madison Ave retail condo

arrow_forward_ios