$4B Overhaul of LaGuardia Airport to Begin This Summer, New Renderings

Posted On Thu, June 2, 2016 By

Posted On Thu, June 2, 2016 By In Major Developments, Queens, Transportation

When Governor Cuomo revealed details and flashy renderings for his planned $4 billion overhaul of LaGuardia Airport, he assured New Yorkers “It’s not a plan; it’s not a sketch; it’s not a dream; it’s not a vision—it’s actually happening.” And he wasn’t kidding; LaGuardia Gateway Partners, a public-private partnership formed by the Port Authority of New York and New Jersey, announced yesterday that they closed on the deal to develop a “replacement to the maligned LaGuardia Airport’s Central Terminal Building and operate the new facility through 2050,” according to Crain’s. With work expected to kick off this summer, Curbed has also uncovered a few new renderings of the plan.

LaGuardia overhaul_June 2016-2

The deal, which is the biggest public-private partnership in the history of the Port Authority, includes airport operator Vantage Airport Group, construction firm Skanska, and investment company Meridiam. The consortium raised $2.5 billion for construction last month through a municipal bond offering. Of the total cost, they themselves will pay $1.8 billion with the Port Authority contributing the remaining $2.2 billion. Since LaGuardia Gateway Partners is assuming the responsibility of completing the project on time and on budget, they’ll receive a portion of the new facility’s revenue, generated from retail tenants and airline carrier fees.

LaGuardia overhaul_June 2016-3

The first step will be the demolition of a parking garage in front of the current Central Terminal, where the new 1.3 million-square-foot building will rise. It will feature pedestrian bridges to connect the terminal to two island concourses, allowing for “improved airline circulation and gate flexibility” to reduce delays.

[Via Crain’s and Curbed]

RELATED:

Renderings via Skanksa

Tags : , ,

MOST RECENT ARTICLES

  • Metals in Construction 2017 Design Challenge winners announced, led by ODA’s ‘Orbit Tower’

    Metals in Construction 2017 Design Challenge winners announced, led by ODA’s ‘Orbit Tower’

    Metals in Construction magazine has just announced the winner and finalists in the magazine’s 2017 Design Challenge, “Meeting the Architecture ...
  • Gem of a two-bedroom in the East Village is both cute and cozy

    Gem of a two-bedroom in the East Village is both cute and cozy

    We’re guessing it’s probably just coincidence, that there are so many charming, pre-war co-ops on this tranquil and lovely East Village street, ...
  • Construction update: Extell’s Central Park Tower gets its fluted glass curtain wall

    Construction update: Extell’s Central Park Tower gets its fluted glass curtain wall

    West 58th Street elevation of Nordstom’s podium; CityRealty When it reaches its projected 1,550-foot height, Extell Development’s Central Park Tower ...
  • Ai Weiwei bringing 100+ fence-like art installations to NYC this fall

    Ai Weiwei bringing 100+ fence-like art installations to NYC this fall

    Internationally renowned Chinese contemporary artist and activist Ai Weiwei was banned from leaving his home country for more than four ...
  • Eight chances to live in a new East Williamsburg building, from $985/month

    Eight chances to live in a new East Williamsburg building, from $985/month

    A state-of-the-art fitness center, yoga room, roof deck with cabanas, designer interiors, and a prime East Williamsburg location just a ...
  • Distinctive 1969 modern Westchester County home designed by Frank Lloyd Wright acolyte asks $1.1M

    Distinctive 1969 modern Westchester County home designed by Frank Lloyd Wright acolyte asks $1.1M

    Nestled in a wooded enclave in the tranquil town of Briarcliff Manor in Westchester County, NY, this striking midcentury modern house was built ...
  • Park Slope co-op with custom bookshelves reaching 18 feet asks $1.65M

    Park Slope co-op with custom bookshelves reaching 18 feet asks $1.65M

    A renovation for this Park Slope co-op left it in lovely condition. The lofty floorplan–which boasts 18-foot ceilings–was taken full ...
  • Weekly highlights: Top picks from the 6sqft staff

    Weekly highlights: Top picks from the 6sqft staff

    Swale floating park returns this spring with a new look Kushner Cos. vision for 666 Fifth Avenue has Zaha Hadid ...
  • Stackable furniture line from Debra Folz Design makes storage stylish

    Stackable furniture line from Debra Folz Design makes storage stylish

    There are all types of stackable furniture out there, and while many of them function perfectly well, they’re not always ...
  • This $4M Riverdale mansion, known as the Esmeralda, was built in 1899 and still impresses today

    This $4M Riverdale mansion, known as the Esmeralda, was built in 1899 and still impresses today

    The historic mansions of Riverdale never fail to impress, and this gem is no exception. Built in 1899 and known ...
  • Renzo Piano’s 565 Broome Street on the rise; the world of Hamilton at Green-Wood Cemetery

    Renzo Piano’s 565 Broome Street on the rise; the world of Hamilton at Green-Wood Cemetery

    After launching sales in September, Renzo Piano’s two-towered 565 Broome Street is finally on the rise. [CityRealty] The quest to ...
  • FREE RENT: This week’s roundup of NYC’s rental concessions

    FREE RENT: This week’s roundup of NYC’s rental concessions

    Upper West Side Beaux Arts Beauty ‘The Willard’ Offering Two Months Free, 1-Bedrooms From $2,996/Month [link] Live at LIC’s Hayden: ...

SIGN UP FOR OUR NEWSLETTERS

Thank you, your sign-up request was successful!
This email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.