Jan
10
Delta Terminals at LaGuardia Airport Land $4B Makeover
ByThe Empire State is about to embark upon one of the most ambitious infrastructure plans in the nation.
Artist rendering of New York-LGANew York—The Port Authority has approved a lease through 2050 for the redevelopment of the Delta terminals at LaGuardia Airport, which will transform them into a $4 billion, state-of-the-art complex.
The Port Authority will provide $600 million in funds for the project, with an additional $3.6 billion funded privately by Delta and its partners.
“The Port Authority has put forth a $32 billion 10-year capital plan that is fair to New Yorkers and will allow the Empire State to move forward on one of the most ambitious infrastructure plans in the nation,” New York Governor Andrew Cuomo said in a prepared release. “From the beginning, our position has been that financial parity is essential—and today, that goal has been realized.”…
