JFK Terminal 4 to get $3.8B makeover

The expansion was finalized Thursday

New York /
Feb.February 14, 2020 10:30 AM
John F. Kennedy International Airport (Credit: ny.gov, iStock)

John F. Kennedy International Airport (Credit: ny.gov, iStock)

John F. Kennedy International Airport is showing the 22 million passengers who travel through Terminal 4 every year some love.

The Port Authority of New York and New Jersey’s board members voted Thursday to allow the private operator of the terminal to move forward with its $3.8 billion expansion and upgrade plan, the Wall Street Journal reported.

Part of the discussion Thursday included a top Port Authority appointee noting that Terminal 4 scores low in nearly every passenger survey.

The Port Authority has planned to overhaul the airport’s central infrastructure to the tune of $1 billion, but private firms and airlines are on the hook for other costs, which are forecasted to run as high as a combined total of $13 billion.

Roel Huinink, CEO of JFKIAT, the company operating Terminal 4, said the $3.8 billion makeover is a pared down version of a larger plan that had involved the terminal expanding into a 5,000-acre plot, but Terminal 1’s operators won the bid for that land.

Terminal 4’s upgrades will include 16 new gates, a facelift for existing retail and dining areas, a larger eastern concourse and an overhaul of the terminal’s roads and main building. Delta Air Lines, which is a minority stakeholder in JFKIAT, will also move all of its services into the terminal. [WSJ] — Erin Hudson


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
A photo illustration of Blackstone president Jon Gray (Getty, Blackstone)
Asian investor selloff led to Blackstone raising the gates
Asian investor selloff led to Blackstone raising the gates
From left: 290 Park Place and 28 Willow Street in Brooklyn (Getty, Google Maps)
Historic townhouses top Brooklyn’s luxury market
Historic townhouses top Brooklyn’s luxury market
Rudin Management's Bill Rudin and 3 Times Square (Getty, Epicgenius, CC BY-SA 4.0 - via Wikimedia Commons)
Accounting firm leases at Rudin’s 3 Times Square
Accounting firm leases at Rudin’s 3 Times Square
From left: SL Green's Marc Holliday and Roc Nation's Jay-Z along with a rendering of the proposed Caesars Palace Times Square project (Getty Images, SL Green Realty Corp)
Jay-Z joins SL Green, Caesars casino bid
Jay-Z joins SL Green, Caesars casino bid
50 West 66th Street and the One57 building at 157 West 57th Street (Extell Development, One57)
Extell properties top Manhattan’s luxury contracts
Extell properties top Manhattan’s luxury contracts
arrow_forward_ios

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

Loading...