One of the most ambitious P3s ever undertaken in the New York/New Jersey region.
In May of 2015, the Port Authority of New York and New Jersey selected LaGuardia Gateway Partners as the preferred proposer to undertake redevelopment and operations of LaGuardia Airport’s aging Terminal B. A key element in Governor Cuomo’s master plan to revitalize New York’s transportation infrastructure, this $4 billion project is one of North America’s most significant public-private partnerships. The result will be a state-of-the-art terminal facility, one that reflects and celebrates LaGuardia’s importance as New York City’s airport, a key hub for domestic air travel and a major source of employment.
With its deep aviation experience and a focused approach on infrastructure development, LaGuardia Gateway Partners will work with the Port Authority to deliver an airport terminal that is truly reflective of the city and its citizens. It includes an extensive capital program to create a new, 1.3 million square foot, 35-gate terminal building and its associated infrastructure while the terminal remains fully operational. Further, a commercial program offering best-in-class retail, food and beverage and amenities will enhance the new Terminal B passenger experience.
The existing Terminal B, which was dedicated in 1964, serves most of the airport’s scheduled domestic airlines and over 13 million passengers per year.