by Lisa A. Grimaldi | July 24, 2017
The Port Authority of New York and New Jersey's Board of Commissioners have given their final stamp of approval to a lease agreement with Delta Air Lines for its new $4 billion, 37-gate terminal at New York City's LaGuardia Airport. The new facility will replace Terminals C and D at the airport; work is set to begin this summer, with completion slated for 2026. Delta's new digs will have four concourses connected by a centralized check-in lobby, security checkpoint and baggage-claim area.  Other enhancements include wider concourses, a larger gate area, more seating and a new Delta Sky Club.
The Port Authority will provide roughly $600 million to the Delta project, with the airline providing $3.4 billion and assuming responsibility for any cost overruns.
The project will accompany the $4 billion, five-year renovation of LaGuardia's main terminal, Terminal B, which Port Authority contractor LaGuardia Gateway Partners launched last summer.
"The transformation of LaGuardia Airport into a state-of-the-art transportation hub is key to the economic growth and strength of the entire state," said New York Gov. Andrew Cuomo, in his announcement of the lease approval. "With this action, we are taking the next major step in our work to build a new LaGuardia -- an economic engine and world-class airport worthy of New York."