{"id":1004140414,"date":"2016-03-27T23:55:17","date_gmt":"2016-03-28T07:55:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004140414"},"modified":"2020-05-11T01:07:25","modified_gmt":"2020-05-11T09:07:25","slug":"renovation-of-laguardia-to-take-flight","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/renovation-of-laguardia-to-take-flight\/","title":{"rendered":"Renovation of LaGuardia to Take Flight"},"content":{"rendered":"

By Barbra Murray, Contributing Editor<\/p>\n

\"Rendering<\/a>

Rendering of LaGuardia Airport Redevelopment<\/p><\/div>\n

New York<\/strong>\u2014Nothing happens in New York City transportation without the approval of the Port Authority of New York & New Jersey<\/a>, and the agency just gave a pivotal green light for Governor Andrew Cuomo’s planned $4 billion makeover of LaGuardia Airport.<\/p>\n

LaGuardia Gateway Partners<\/a>, a private consortium, is spearheading the project, and the Port Authority’s vote constitutes the authorization of a 35-year lease with LGP for the redevelopment and operation of Terminal B at the renowned 680-acre transportation hub in Queens. The terminal is a key piece of the modernization undertaking, as its central entry hall and concourse’s connection to Terminals B and C will result in LaGuardia’s metamorphosis into a structurally unified airport for the very first time.<\/p>\n

\u201cOur plan will fundamentally transform LaGuardia–replacing what is now an outdated and poorly designed complex with the world-class airport New York has always deserved. This represents a major milestone for the project–the first of many,” Governor Cuomo said in a prepared statement. The project’s design is the work of a joint venture between HOK<\/a> and Parsons Brinckerhoff<\/a>, which was selected by the Governor’s Airport Advisory Panel.<\/p>\n

LaGuardia is due for a major makeover. The airport first opened in 1929 as the Glenn H. Curtiss Airport, and 10 years later, it had been taken over and expanded to the tune of $40 million by the city of New York, and renamed the New York Municipal Airport-LaGuardia Field. In 1947, it was leased to the Port Authority, which has since made capital investments in the airport totaling roughly $1.4 billion, including the construction of Terminal B in the 1960s.<\/p>\n

The agency, however, won’t have to break the bank to finance the airport’s renaissance. LaGuardia’s redevelopment is a public-private endeavor; private financing and existing passenger fees will cover two-thirds of the construction project’s gargantuan price tag.<\/p>\n

In addition to the rebuilding of Terminal B, the first phase will include LGP’s construction of a new West Parking Garage, as well as a host of supporting infrastructure.<\/p>\n

Skanska<\/a> and Walsh Construction<\/a> comprise the construction team behind the Terminal B project, the majority of which will open 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Port Authority of New York & New Jersey recently gave the green light for the $4 billion redevelopment of LaGuardia Airport.<\/p>\n","protected":false},"author":969,"featured_media":1004140415,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21825,21748,21783,21752,1600,21742,10],"tags":[],"class_list":["post-1004140414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-finance","category-industrial","category-investment","category-mixed-use","category-new-york","category-latest","category-northeast"],"acf":[],"yoast_head":"\nRenovation of LaGuardia to Take Flight - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/renovation-of-laguardia-to-take-flight\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Renovation of LaGuardia to Take Flight\" \/>\n<meta property=\"og:description\" content=\"The Port Authority of New York & New Jersey recently gave the green light for the $4 billion redevelopment of LaGuardia Airport.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/renovation-of-laguardia-to-take-flight\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-03-28T07:55:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-11T09:07:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/LaGuardia-Airport-Redevelopment.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/renovation-of-laguardia-to-take-flight\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/renovation-of-laguardia-to-take-flight\/\",\"name\":\"Renovation of LaGuardia to Take Flight - 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