Vantage Airport Group, the parent company of Hamilton International Airport has been selected as the successful bidder to redevelop New York’s LaGuardia airport. Reacting to the announcement Stewart Steeves of Vantage, who at one time served as CFO in Hamilton said, “we look forward to partnering with the Port Authority on this significant project for the city and state of New York. Steeves is now President and CEO of LaGuardia Gateway Partners, the company established to manage the massive project. He added, “the team is ready to deliver an exceptional experience for the airport community and the travelers who will pass through the new terminal. We will develop a world-class facility and bring the level of operational expertise needed to deliver the airport New Yorkers deserve, both during construction and throughout long-term operations.”
The selection of Vantage was the culmination of a multi-year procurement process conducted by the Port Authority 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, which includes demolishing the Central Terminal Building and creating a new world-class facility including a new central entry portal to the airport and unifying previously unconnected terminals.
The new LaGuardia will be a world-class facility, and 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, with the private sector contributing more than $2 billion and the Port Authority contributing more than $1 billion to construct the airport and supporting infrastructure. LaGuardia Gateway Partners, the private development team, will be responsible for designing, constructing, operating and maintaining the new terminal.
“For too long, LaGuardia has been the stepchild of our region’s airports compared to JFK and Newark International,” said Port Authority Vice Chairman Scott Rechler. “Today we took the first step in moving forward with a comprehensive master plan to redevelop LaGuardia into a 21st century, world-class airport that the State of New York deserves.”
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 management of the 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. More information is available at www.LaGuardiaGatewayPartners.com.