New York, NY; November 29, 2018: Vantage Airport Group, a global airport investor, developer and manager and lead member of the team redeveloping LaGuardia Airport’s Terminal B, today celebrated the completion of the first phase of the $5.1 billion transformation of Terminal B, at a media event featuring New York Governor Andrew Cuomo, Port Authority of New York and Jersey executives and key project partners.
With nearly 25 years of airport experience at 31 airports around the world, Vantage, as part of LaGuardia Gateway Partners (LGP), is leading the management, operations and commercial development at the existing Terminal B as it also oversees construction of the new terminal, a facility it will operate through 2050. LGP was selected in 2016 by Governor Cuomo and the Port Authority to redevelop Terminal B, the largest public-private partnership in U.S. aviation infrastructure history.
“We applaud Governor Andrew Cuomo’s transformative vision for LaGuardia and New York’s other gateway airports, and are glad to work with the Port Authority and our partners at LGA, including the airlines, to help bring it to life,” said George Casey, Chair and CEO, Vantage Airport Group. “Vantage is very proud of our role as lead investor, overseeing the construction program and managing and operating Terminal B. Today’s milestone is the first of many that will entirely transform the experience at LaGuardia for passengers, airlines and employees.“
Designed as a common-use facility to facilitate operational efficiency, the new concourse features the first 11 of 35 new gates at Terminal B, spacious seating areas with charging stations throughout, soaring ceilings up to 55 feet in height and other architectural elements inspired by New York’s vibrancy and verticality. Thoughtfully designed restrooms with spacious stalls, a children’s play area with interactive games, park space and a world-class selection of the best in New York food, beverage and retail offerings round out the experience.
Along with overseeing construction to ensure delivery of this milestone through our on-site project management team and best practices, Vantage has been focused on preparing the concourse operationally and commercially for the first day of operations, scheduled for December 1, 2018. To do so, Vantage has implemented its proprietary Operational Readiness and Transition (ORAT) program, which ensures that all airport stakeholders are ready and equipped to manage, operate and maintain a new facility from day one. Planning for this transition began more than two years ago, immediately after LGP assumed the lease and operation of Terminal B.
The next milestone for the new terminal is expected in 2020, when 100 per cent of Terminal B passengers – nearly 15 million annually – will check in, pass through security screening and explore concessions in the new 820,000 square foot head house, under construction now. When complete, the new Terminal B will include 1.3 million square feet of new space, as well as dual pedestrian bridges spanning active taxi lanes, a first in the world.
For more information about the new concourse, read LaGuardia Gateway Partners’ concourse fact sheet. (hyperlink to PDF on website.)
About Vantage Airport Group
Passionate about people, performance and place, Vantage Airport Group is an industry-leading investor, developer and manager of airports around the world. In its 24-year history, Vantage has worked with more than 30 different airports, developing and implementing best practices that result in financially stronger, more sustainable, better-connected airports for the communities they serve. Its current network is composed of 10 airports on two continents, including LaGuardia Terminal B and Chicago Midway International. Together, Vantage airports served more than 56 million passengers in 2017, travelling on 135 different airlines.
For more information:
Vantage Media Relations