LaGuardia Airport Redevelopment

LaGuardia from the sky, taken July 12th, image by Andrew Campbell Nelson

La Guardia Airport’s $8 Billion Overhaul Making Major Headway

Things are looking up for North America’s worst airport. Construction is moving along at the LaGuardia Airport renovation and expansion in East Elmhurst, Queens. The $8 billion overhaul of the transport hub hopes to alleviate the airport of its notorious struggle with constant delays and cancellations, a source of national embarrassment and numerous dubious honors, like being ranked the 14th worst airport in the world. LaGuardia Gateway Partners (LGP) is behind the project.

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LaGuardia Airport

Development Team Closes on Deal with Port Authority to Rebuild LaGuardia Airport

Back in March, the Port Authority of New York & New Jersey (PANYNJ) officially approved plans to rebuild LaGuardia Airport, in East Elmhurst, in addition to incorporating a 24-hour ferry service and an AirTrain to help transport travelers. Now, LaGuardia Gateway Partners – comprised of Vantage Airport Group, Skanska, and Meridiam – has closed on a deal with the Port Authority to actually construct the project, and to operate the new 1.3-million-square-foot airport through 2050, according to Crain’s. Demolition is expected to begin within the next few months on the five-story parking garage in front of the Central Terminal building. The Central Terminal will be the first portion to be redeveloped and is expected to be complete by 2021, followed by Terminals C and D. The development team, which is putting up $1.8 billion of its own money, has already secured $2.5 billion in financing. The Port Authority is responsible for an additional $2.2 billion that will go towards infrastructure work.


LaGuardia Airport

Port Authority Approves Plans To Rebuild LaGuardia Airport, East Elmhurst

In the summer of 2015, plans to build a new LaGuardia Airport were revealed along with other transportation infrastructure, including a 24-hour ferry service and an AirTrain, that would serve to link the East Elmhurst airport to the rest of the city. The Port Authority of New York & New Jersey (PANYNJ) has officially approved the project, which was recently estimated to cost upwards of $5.3 billion, Crain’s reported. As part of the deal to approve the project, the Port Authority agreed that it redevelop the Port Authority Bus Terminal in Manhattan, shooting down any chance that it would be rebuilt for much cheaper in New Jersey. As for the airport, the Central Terminal Building is phase one of the greater redevelopment and is expected to be finished by 2021. Terminals C and D will be built after that.

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LaGuardia Airport

Governor & Vice President Debut Plans For New LaGuardia Airport, East Elmhurst

Governor Cuomo and Vice President Biden announced plans calling for the complete reconstruction of LaGuardia Airport, in East Elmhurst, Crain’s reports. The $4 billion project will have four connected terminals and will wrap around the Grand Central Parkway. There will also be 24-hour ferry service and an AirTrain linking the airport to the 7 train’s Willets Point stop. Approval from the Port Authority is required, and the terminal portion is expected to break ground in 2016 for a 2018 completion. The AirTrain link will take roughly five years to build.



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