LaGuardia Airport to get a Makeover, Team Selected for the Project

Japan’s Weak Consumer Spending is Disappointing Pushing Inflation Rate to ZeroThe LaGuardia, which has been a topic of jokes for years is going to get a new look and its degenerating structure and insufficient infrastructure is going to get remodeled version.

On Thursday, an announcement by the Port Authority of New York and New Jersey said that the makeover will be led by a Canadian company.

A group headed by Vantage Airport Group Ltd. based in Vancouver will be responsible for building the new terminal at LaGuardia Airport which involves approximately US$3.6-billion. The old structure of the Terminal B of the airport which is going in for an overhaul was built in 1964.

The project is expected to be finished by 2021and it also includes Skanska USA Inc., a developer and big financial firms like Citigroup Inc and Morgan Stanley. The plan will be revealed in some weeks.

The consortium called LaGuardia Gateway Partners, is expected to give the Terminal building a new look combined with world class facilities which includes larger numbers of comfortable lounges and better restaurants.

In a statement, Port Authority Vice Chairperson, Scott Rechler, said "For too long, LaGuardia has been the stepchild of our region's airports compared to JFK and Newark International."