Thank you for sharing!

Your article was successfully shared with the contacts you provided.
A rendering of the Newark Liberty Terminal One project. A rendering of the Newark Liberty Terminal One project.

NEW YORK—The Port Authority of New York & New Jersey has proposed $4.8 billion in additional capital spending as part of its 10-year $32.2-billion capital plan, including a brand new AirTrain Newark project and additional funding for AirTrain LaGuardia and for the redevelopment of Newark Liberty Terminal One and at JFK Airport.

“The Port Authority’s legacy facilities have been subpar for decades. Both the original 2017-2026 capital plan and the modifications we are recommending today provide for extraordinary and unprecedented levels of investment needed to replace and upgrade our facilities to meet the standards of 21st century infrastructure,” says Port Authority executive director Rick Cotton.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.