NYC’s JFK Airport Set for $9.5 Billion Carlyle-Backed Redo

News Provided by Bloomberg

December 13, 2021, 11:19 AM EST

New York Governor Kathy Hochul announced a $9.5 billion revamp of Terminal 1 at John F. Kennedy International Airport on Monday, restarting the transformation of one of the busiest airports in the U.S. as it works through pandemic delays.

The funding infusion will create a new Terminal 1 on the current site of terminals 1, 2, and 3 at the airport, which handles nearly 62 million passengers a year. The terminal will be 2.4 million square feet and have 23 new international gates, Hochul said.

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