Cuomo plans demolition, redevelopment of LaGuardia Airport

First phase of $4B construction will demolish terminal B and create single, integrated structure

TRD New York /
Jul.July 27, 2015 05:50 PM

Governor Andrew Cuomo announced an overhaul of LaGuardia Airport that will transform the airport into one terminal with expanded transportation access and improved amenities for its passengers, according to an announcement from the governor’s office.

The first half of construction is expected to cost $4 billion. LaGuardia Gateway Partners — a new public private partnership chosen by the Port Authority of New York and New Jersey — will build the new terminal. The plans still need to be approved by the Port Authority’s board of directors. The first half of the terminal is expected to open in 2019. The second half of the project will likely be developed together with Delta Air Lines.

The proposed single building will replace LaGuardia’s current makeup of fragmented terminals and means the demolition of the building that houses Terminal B. The new terminal will then be connected to Delta’s terminals C and D.

On what turned out to be a big day for New York City’s airports, Cuomo also announced more details for MCR Development’s proposed TWA Flight Center Hotel at JFK Airport.

“The TWA Flight Center Hotel will celebrate and preserve Eero Saarinen’s masterpiece, returning the landmark to its original glory and reopening it to the public,” said Tyler Morse, MCR’s chief executive officer. The hotel will include 505 rooms as well as 40,000 square feet of meeting space. — Claire Moses

 
 
 
 

Related Articles

arrow_forward_ios
Renderings of 130-02 South Conduit Avenue and Triangle Equities’ Joshua Weingarten (Credit: Terminal Logistics)

Triangle Equities lands $87M loan for massive JFK warehouse project

Triangle Equities lands $87M loan for massive JFK warehouse project
MCR Development CEO Tyler Morse and a rendering of TWA Flight Center

Revamped TWA Flight Center at JFK lands $270M loan

Revamped TWA Flight Center at JFK lands $270M loan
More market-rate units may be coming to this LES NYCHA complex

More market-rate units may be coming to this LES NYCHA complex

More market-rate units may be coming to this LES NYCHA complex
Taking off: Hudson Yards now has flying cars for CRE tenants

Taking off: Hudson Yards now has flying cars for CRE tenants

Taking off: Hudson Yards now has flying cars for CRE tenants
Blackstone buys LaGuardia warehouse for $56M with financing from Nuveen

Blackstone buys LaGuardia warehouse for $56M with financing from Nuveen

Blackstone buys LaGuardia warehouse for $56M with financing from Nuveen
Hurry up and wait: Airlines strike deal for $344M expansion at JFK

Hurry up and wait: Airlines strike deal for $344M expansion at JFK

Hurry up and wait: Airlines strike deal for $344M expansion at JFK
NYC’s top 10 finance deals of 2018

NYC’s top 10 finance deals of 2018

NYC’s top 10 finance deals of 2018
Cost of JFK renovation jumps to $13B

Cost of JFK renovation jumps to $13B

Cost of JFK renovation jumps to $13B
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...