NEW YORK | LaGuardia Airport Redevelopment
Finally, what is possibly the nation's worst major airport, is getting much needed upgrades. Named for one of the City's great mayors, the airport seems stuck in decades past, but big changes are coming.
Makeover for LaGuardia's main terminal advances
Four big groups are named as finalists in the $2.4 billion project to build and operate a bigger, better replacement for the airport's aging and much maligned central terminal. Goldman Sachs, Kohn Pedersen Fox and Skanska are among those in the running.
By Daniel Geiger
July 31, 2013
The Port Authority of New York & New Jersey has named four finalists in the bid to build and operate a new $2.4 billion main terminal at LaGuardia Airport. The announcement comes more than a year after nearly a dozen companies came forward to compete for the mega-project.
The four groups consist of high-powered consortiums of financial, construction and airport operating partners. The Port Authority is bidding out the redevelopment project as a so-called public-private partnership in which the winning bidder will pay for the cost of the upgraded terminal in return for a cut of the revenue it nets from leases with the airlines that use it, as well as with stores and restaurant tenants.
The project will be done in phases, the first of which will begin this year when the Port Authority begins building a new $82.9 million parking garage that will rise on the east side of the terminal next to the Delta Air Lines terminal. That 1,100-car garage, and another that is slated to be built on the west side of the terminal, will allow the airport's main garage to be demolished to make way for the new terminal building, which will rise on that site. In all, the Port Authority has pledged to make $1.2 billion in upgrades to the airport that will lay the infrastructure for the new terminal building.
The new terminal will be 1.3 million square feet and boast 35 gates. The current terminal, also has 35 gates but at 835,000 square feet, it is nearly 40% smaller than its planned successor.
The new building would mark a vast improvement on the existing facilities, which bowed in 1964 and are universally considered to be antiquated with undersized security and baggage processing areas, as well as undersized food concession and retail areas, that in most airports are both big amenities and revenue generators.
The Port Authority has not yet set a firm timeline when the new building will begin, but is aiming to finish the project by 2021. The terminal's replacement has become increasingly urgent as the New York City region's airports perennially rank as some of the nation's most delay plagued. The amount of traffic that passes through the terminal has vastly exceeded its 8 million passengers a year it was designed to handle. In 2012, that figure swelled to 25.7 million travelers and by 2030, the Port Authority projects at least 34 million will pass through the terminal each year.
-The first of the finalists in alphabetical order is Aerostar New York Holdings, a group that includes Highstar Capital, Aeropuerto de Cancun, Hunt Architects, Fentress Architects,VRH Construction and RBC Capital Markets.
-The second is LGAlliance, pairing Macquarie, Lend Lease, Turner, Hochtief, Parsons and Gensler.
-The third is LaGuardia Gateway Partners, a partnership of Vantage Airport Group, Skanska, Meridiam Infrastrucure, Tishman Construction, Parsons Brinckerhoff, Morgan Stanley, Citigroup and Wells Fargo.
-And lastly, there is LGC Central Terminal Consortium, a joint venture of Aéroports de Paris, TAV Construction, Tutor Perini, Goldman Sachs, Suffolk Construction, STV, Arup and Kohn Pedersen Fox.
The new terminal will be constructed as the existing facility continues to operate. The new building will be situated closer to the Grand Central Parkway, allowing more space to be created for aircraft parking at the airport and help facilitate its operational efficiency.
"We're thrilled that the Port Authority is making real progress advancing an innovative public-private partnership to bring LaGuardia Airport into the 21st Century," said Joseph Sitt, a large Manhattan landlord who this year started an airport advocacy group called the Global Gateway Alliance to advocate for improvement to the region's air infrastructure. "The project should ultimately serve as a model for bringing private sector resources into modernizing airport infrastructure."
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