The New Terminal One
JFK Airport to Receive New $9.5B Flagship Terminal
New York Governor, Kathy Hochul, has announced a major expansion project for NYC's largest airport, JFK International. Set to replace existing Terminals 1 & 2, "The New Terminal One" will soon become the largest international terminal at one of America's busiest ports of entry.
The New Terminal One will be constructed by AECOM Tishman, and sit on a 134-acre site, right next to the current Terminal 2. The plot was previously occupied by Terminal 3 until its demolition in 2013. Designed by Gensler Architects, the structure will total 2.4 million square feet, and house 23-boarding gates. It will also contain over 300,000 square feet of dining, retail space, and airline lounges.
According to the project website, "The terminal will feature expansive, naturally lit, public spaces, cutting edge technology, and an array of amenities, all designed to enhance the customer experience and compete with some of the highest-rated airport terminals in the world."
Expected to cost around $9.5 billion, the terminal's construction will thankfully not be financed through the use of taxpayer dollars. Instead, it will be privately funded by The Carlyle Group, JLC Infrastructure, and Ullico. Having provided 51% of the total investment, The Carlyle Group will own a majority stake in the completed building.
While it can arguably be viewed as JFK's most ambitious future endeavor, The New Terminal One project doesn't stand alone on the airport's capital improvement to-do list. It comes amid several major initiatives that are either planned or currently underway, including the $425 million expansion of Terminal 8, a $1.5 billion expansion of Terminal 4, and a brand new Terminal 6, set to cost $3.9 billion. The New Terminal One is expected to break ground sometime in 2022, and construction may take until 2030 to fully complete.