Port Authority


Liberty Park

World Trade Center’s Liberty Park Opens Today in the Financial District

The World Trade Center’s Liberty Park is now receiving its finishing touches for its grand opening today. The Financial District’s new, one-acre public park is 25 feet above street level and measures 336 feet along Liberty Street between West and Greenwich streets. It will feature 19 planters, a half-dozen species of plants, seating made out of recycled teak, and a 300-foot-long “Living Wall” of greenery along its northern base. Pictures of it ahead of its opening can be seen in a New York Times report. It will be open to all from 6 a.m. to 11 p.m. each day. Aecom’s Joseph E. Brown is the landscape architect, and the Port Authority of New York & New Jersey is behind the project. The Santiago Calatrava-designed St. Nicholas Greek Orthodox Church can also be seen taking shape on the site’s eastern end. That portion of the project is expected to be complete in 2017. YIMBY last brought you an update on Liberty Park when construction was in its final phases in May.



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.



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