01.05.17 - Cuomo Announces PANYNJ Approval of Delta Project Lease at LGA to Complete Transformation
"Governor Andrew M. Cuomo today announced the Port Authority approval of a lease through 2050 for the last component of a transformed LaGuardia Airport. The redevelopment of the Delta terminals at LaGuardia will transform them into a $4 billion, state-of-the-art complex. The Port Authority is providing $600 million in funds for the project and the rest of the construction - $3.6 billion dollars – will be funded privately by Delta and its partners. Construction at LaGuardia began in June and will expand to this project later this year, following additional regulatory approvals."
"We are transforming LaGuardia into a world-class, 21stcentury airport of the caliber that New York deserves, and this approval ensures that the project will continue moving full steam ahead,"Governor Cuomo said."Since breaking ground in June, we have made tremendous progress on building a new airport that was once thought to be impossible, restoring faith in government's ability to get things done. I thank Delta for their partnership and look forward to welcoming millions of travelers through the gates of a new LaGuardia Airport."
Delta CEO Ed Bastian said,“Delta is committed to continuous investment in airport infrastructure in New York and around the world, and today's lease approval brings LaGuardia closer to being the exceptional airport our New York customers deserve. We are proud to be a part of the effort to rebuild one of the world’s busiest and best-known airports, and we look forward to working with the Port Authority and our partners to realize Governor Cuomo’s vision for a 21st-century facility.”