3.24.16 - Governor Cuomo’s Vision For Transformative Redesign of LaGuardia Airport Moves Forward
"Governor Andrew M. Cuomo today announced that the comprehensive redesign of LaGuardia Airport has taken a major step forward, with a crucial approval vote by the Port Authority of New York and New Jersey. The vote approves a lease with LaGuardia Gateway Partners to build and operate a new state-of-the-art Terminal B, with a central hall and concourse that will, for the first time, create a unified airport as well as the site for an air train station. The lease clears the way for the first phase of the Governor’s redesign plan, which will ultimately transform the aging facility into a world-class transportation hub, equipped for the challenges and demands of 21st century travel and deserving of the state of New York."
"The design and construction cost of the project amounts to $4 billion – two-thirds of which is financed by private funds and existing passenger fees. Construction will begin shortly, with significant completion of portions of the airport opening in 39 months after the start of construction."