by Brianna Crandall — June 3, 2015—LaGuardia Gateway Partners was just selected to develop a $3.6 billion world-class facility to serve approximately 50 percent of the passenger volume at LaGuardia Airport in New York City. The announcement is the culmination of a multi-year procurement process conducted by the Port Authority of New York and New Jersey to select a team of leading private-sector construction, engineering, planning, airport management and finance firms to work with the agency in an innovative public-private partnership to construct the first phase of redevelopment of LaGuardia.
The action follows preliminary recommendations from Governor Andrew Cuomo’s Airport Advisory Panel and represents the first phase of a comprehensive master plan for a 21st century LaGuardia Airport that will be unveiled in the coming weeks. The Panel’s recommendations call for demolishing the Central Terminal Building and creating a new world-class facility, including a new central entry portal to the airport, and unifying the airport’s four previously unconnected terminals.
The new LaGuardia will be designed to seamlessly integrate with future amenities recommended by the Governor’s Panel such as premier retail and dining space, a hotel, a conference and business center, and other modern features that will generate revenue for the Port Authority. The amenities also will include transportation features such as an AirTrain, ferry service and a people mover to help passengers traverse the entire airport.
Construction of the project will be funded by a public-private partnership. The newly selected LaGuardia Gateway Partners, the private development team, will be responsible for designing, constructing, operating and maintaining the new terminal. The Skanska-led consortium will now begin detailed negotiations with the Port Authority, airlines, and other stakeholders to finalize its proposal for developing, constructing and operating the new, expanded terminal and portal while finalizing the financial terms of the public-private partnership deal.
LaGuardia Gateway Partners is comprised of Vantage Airport Group, Skanska and Meridiam for development and equity investment; Skanska and Walsh Construction as the construction joint venture; HOK and Parsons Brinckerhoff as the design joint venture; and Vantage Airport Group for the management of operations. LaGuardia Gateway Partners’ members have worked on more than 350 aviation and transportation projects globally and domestically, including international airports in Chile, The Bahamas, New York (John F. Kennedy), Boston, Chicago and Los Angeles.
