The public-private partnership LaGuardia Gateway Partners has signed a 35-year lease agreement and has negotiated the financing to begin the redevelopment of LaGuardia Airport’s Central Terminal B in New York City.
The members of LaGuardia Gateway Partners—Vantage Airport Group, Skanska Infrastructure Development, and Meridian—signed the lease with the Port Authority of New York and New Jersey.
The $4 billion makeover is one of the largest infrastructure projects in the U.S. It includes a new 35-gate Terminal B, Central Hall, West Garage, and related roadways and support infrastructure.
The new 1.3-million-sf Central Terminal B will feature the world’s first dual pedestrian bridges that span active aircraft taxi lanes and connect the terminal to two island concourses. The bridges will improve airline circulation and gate flexibility.
The new facilities are expected to begin opening in 2018, with completion of the project scheduled for 2022. The project’s financing is a combination of equity, debt, and retail and airline revenue. (The existing terminal will stay open during construction.) Two thirds of the project are being financed by private funds.
“Today is a milestone step forward for the project, the broader New York community and the nation,” said Stewart Steeves, LaGuardia Gateway Partners’ CEO. “With the beginning of this lease, our team brings its award-winning experience to the project and will deliver a sustainably-designed, state-of-the art facility at LaGuardia Airport.”
Central Terminal B is being reconstructed to achieve LEED Silver certification.
This redevelopment is the largest project that Skanska has undertaken in its history. As a one-third partner in the consortium, its equity investment will be about $70 million. Skanska has a 70% share of the $4 billion design/build contract, the amount of which will be divided equally between Skanska USA Building and Skanska USA Civil.
Johan Karlström, Skanska’s CEO and President, believes this partnership puts his company in a “strong position” to pursue other P3 projects in the U.S.
Skanska USA and Walsh Construction formed a design-build joint venture for this project. HOK and WSP | Parsons Brinkerhoff are its design advisors. Vantage will manage the terminal operations.
The redeveloped terminal will feature pedestrian bridges over active taxi lanes that will give passengers views of the airfield and Manhattan's skyline. Rendering: LaGuardia Gateway Partners
Related Stories
| Jul 18, 2014
2014 Giants 300 Report
Building Design+Construction magazine's annual ranking the nation's largest architecture, engineering, and construction firms in the U.S.
| Jul 7, 2014
7 emerging design trends in brick buildings
From wild architectural shapes to unique color blends and pattern arrangements, these projects demonstrate the design possibilities of brick.
| Jul 2, 2014
Emerging trends in commercial flooring
Rectangular tiles, digital graphic applications, the resurgence of terrazzo, and product transparency headline today’s commercial flooring trends.
| Jun 30, 2014
Arup's vision of the future of rail: driverless trains, maintenance drones, and automatic freight delivery
In its Future of Rail 2050 report, Arup reveals a vision of the future of rail travel in light of trends such as urban population growth, climate change, and emerging technologies.
| Jun 18, 2014
Arup uses 3D printing to fabricate one-of-a-kind structural steel components
The firm's research shows that 3D printing has the potential to reduce costs, cut waste, and slash the carbon footprint of the construction sector.
| Jun 12, 2014
Austrian university develops 'inflatable' concrete dome method
Constructing a concrete dome is a costly process, but this may change soon. A team from the Vienna University of Technology has developed a method that allows concrete domes to form with the use of air and steel cables instead of expensive, timber supporting structures.
| Jun 2, 2014
Parking structures group launches LEED-type program for parking garages
The Green Parking Council, an affiliate of the International Parking Institute, has launched the Green Garage Certification program, the parking industry equivalent of LEED certification.
| May 29, 2014
7 cost-effective ways to make U.S. infrastructure more resilient
Moving critical elements to higher ground and designing for longer lifespans are just some of the ways cities and governments can make infrastructure more resilient to natural disasters and climate change, writes Richard Cavallaro, President of Skanska USA Civil.
| May 23, 2014
Top interior design trends: Gensler, HOK, FXFOWLE, Mancini Duffy weigh in
Tech-friendly furniture, “live walls,” sit-stand desks, and circadian lighting are among the emerging trends identified by leading interior designers.
| May 20, 2014
Kinetic Architecture: New book explores innovations in active façades
The book, co-authored by Arup's Russell Fortmeyer, illustrates the various ways architects, consultants, and engineers approach energy and comfort by manipulating air, water, and light through the layers of passive and active building envelope systems.
