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Transactions - FEBRUARY 13, 2020

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JFK Airport terminal expansion advances

by Released

The Port Authority of New York and New Jersey reached agreement on key terms with Delta Air Lines and JFK International Air Terminal, the operator of Terminal 4, to dramatically expand Terminal 4 and consolidate Delta operations there, according to a message from New York Gov. Andrew Cuomo.

Subject to board approval this week, the Port Authority will finalize and enter into a lease amendment with JFK International Air Terminal for an expansion and renovation of the Terminal 4 arrivals and departures hall, a major concourse expansion to add 16 new gates, the renovation of existing concourses, and roadway upgrades to improve access for vehicles. The expansion at Terminal 4 is expected to be complete with Delta consolidating its operations in early 2023. The roadway improvements will be completed in late 2025 with the other JFK Airport redevelopment projects.

“Our legacy facilities were built to handle passenger and cargo volumes from a bygone era and simply cannot cont

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