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Due
to its innovative design, operations and financing proposal, LCOR, along
with partners Schiphol USA and Lehman Brothers, was selected to redevelop
the $1.4 billion International Air Terminal 4 at John F. Kennedy Airport
— one of the largest privately financed airport projects in history. The
ability to redevelop an outdated public facility using private-sector
development and management expertise was a key factor in the team’s selection.
In May 1997, LCOR and its partners assumed complete management and operations responsibilities for Terminal 4 from the Port Authority of New York and New Jersey — operating it while reconstructing it. Terminal 4 serves more than five million international passengers per year as the largest gateway air terminal to the United States. The new Terminal 4 opened in May 2001. At the time of the terminal opening, New York Governor George Pataki said, “Kennedy Airport’s newest and grandest passenger terminal recaptures the glory days of JFK. It also goes a long way toward restoring Kennedy Airport to its proper status as New York’s world-class international gateway.” Public Entity: Port
Authority of New York and New Jersey, and the City of New York
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ABOUT US • WHAT WE DO • OFFICES • SELECTED PROJECTS • PROPERTY WEBSITES • WHAT'S NEW • SEARCH © 2007 LCOR Incorporated. All rights reserved. |
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