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LaGuardia Central
Terminal B
May 2017
Table of Contents
LaGuardia Gateway Partners 3
Our Partners 4
Project Financing 31
Airport Roadway
Network
Port Authority oversees
all airport roads
LGP is constructing new LaGuardia Central
roadways on behalf of Terminal B
Port Authority
P3 project
LGP has a 35 year lease
from Port Authority to
manage the terminal
and build the new one
Central Hall
The Port Authority will
oversee the Central Hall,
but LGP is building it and
will manage it for the Port
LaGuardia Gateway Partners 5
5
21
LGPs Philosophy
for Success
Minimizes risk
Financial Responsibility
Minimize risk and disruption, reduce cost while
maximizing revenue, enhance existing and future
operations, incorporate dynamic and flexible design
Our Approach:
Maintain and enhance existing operations
during a six-year timeline from project start
to completion
Build a new terminal while operating
the existing one
One phase of construction
within the existing road network
Build island concourses and bridge
connections to reduce the impact of
construction
Our Approach:
Create one single flow for passengers
Consolidate passenger security check point
Incorporate common-use airline facilities
Expand curb facilities
Upgrade concession program
Provide natural light and
modern conveniences
Build island concourses and bridge connections
Our Approach:
Infuse the terminal with artwork and iconic imagery
to create a sense of place and honor surrounding
NYC neighborhoods and communities
Recruit premium national and international brands,
along with renowned local products
Incorporate leading-edge mobile and web-based
applications
Operate innovative digital retail walls to maximize
selection
Facility Improvements
Maintenance Renovations
Enhanced Monitoring & Information Sharing
Washroom Enhancements
Ceilings replaced, lighting fixtures changed, deep clean and
improvements to air flow
Way-finding
In-terminal signage updates: reviewing and updating signage,
removing excess
Walls
Repaired and painted common area walls of pre-security
areas of terminal; Post security underway
Lighting
Lighting throughout facility enhanced with new bulbs and
system repairs
Roof
Roof repairs in Concourse A are underway, to be followed
by Concourses B & C
Curbside
Active curbside management and traffic monitoring
Beacon technology to be implemented to monitor
traffic and taxi wait times
Web Presence
New website and social media accounts help track
day-to-day information and long-term redevelopment
progress
Public-private partnerships
can fill that gap.
(source: Airport Capital Development Needs: 2015-2019,
Airports Council International-North America)
4B
LaGuardia Central
Terminal B
JFKIAT (Terminal 4)
1.4B
1B
San Juan
International Airport
$1.193B
Bond Funded
LaGuardia Central
$1B
Terminal B
Original Issuance Premium
$1B Passenger
Facility Charge (PFC)
Owners' Equity
173 119
Demand exceeded
availability by a
factor of almost
institutional investors
placed orders
investors
were allocated bonds
10
LaGuardia Gateway Partners 33
Positioned For Success
There were a number of incentives that contributed
to a successful debt offering to investors
It is not just the largest By taking on the Specifically because of the P3,
investment; it is not just the construction for the bulk LGA Central Terminal B will be
most ambitious. The of the project, LaGuardia a gleaming new concourse
methodology, the how, Gateway Partners will that is spacious and bright and
is different and is informed assume the risk of well-designed and it is not just
and is educated completing it on time a dream. It is a likely picture of
and on budget. the future. And it may happen
- Governor Cuomo sooner than you think.
- Crains Business
Newsday Editorial Board
37