Construction is ready for take-off on a brand new, $4.2 billion terminal at John F. Kennedy International Airport early next year, Governor Kathy Hochul announced Thursday.
Hochul, fresh off a narrow election victory for her first full term in office, said that a financing and lease deal had closed and environmental approval by the Federal Aviation Administration is secured for the new 10-gate, 1.2 million square foot Terminal 6, which is expected to handle its first passengers in 2026 ahead of final completion in 2028.
The new terminal will be a new New York City air hub for Lufthansa and JetBlue, with Terminal 6 set to be connected with JetBlue’s Terminal 5. Passengers will be able to enjoy 100,000 square feet of new shopping and dining options, and to gawk at installations by local artists.Port Authority of New York and New Jersey
The $4.2 billion in financing will mostly come from private funders: the Port Authority will commit $130 million in capital funds for “enabling infrastructure,” while the rest will come from money raised by JFK Millennium Partners, a consortium of investors including Vantage Airport Group — which oversaw development and operations at LaGuardia Airport’s new Terminal B — private equity firm American Triple I, real estate developer RXR, and JetBlue.
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