The International Information Center for Structural Engineers

The Port Authority of New York and New Jersey are hoping to pick a group of winning bidders for the La Guardia airport replacement this spring.  New York Governor Andrew Cuomo addressed the outdated, undersized airport in his State of the State address on Wednesday.  He cited the fact that La Guardia is currently ranked the worst airport in America as the main reason the Port Authority needs to finally award a contract to redesign the existing terminal.  He even mentioned that he would like to take political ownership of the project to ensure it gets completed. 

Additional Info

  • Date occured Wednesday, 08 January 2014

Westfield Group paid $800 million last week to buy 50% of the retail space in the new World Trade Center.  The company had previously purchased the other 50% of space for $600 million two years ago.  Westfield Group is a mall developer and operator and currently own shopping areas in London, San Fransisco, and Los Angeles.  The New York and New Jersey Port Authority owns the 16-acre World Trade Center site, and it will use part of the $1.4 billion in revenue from the sales to fund infrastructure in the region.  According to Port Authoirty chairman David Samson, Westfield’s investment will allow the Port authority to “refocus agency resources on our core transportation mission.”  No specific announcements have been made about where this funding will be used.

Additional Info

  • Date occured Thursday, 05 December 2013