Special Update
Coronavirus (Covid-19) Information and Resources Read More

Major Investments


The comprehensive redesign of LaGuardia Airport broke ground mid-summer 2016. The $8 billion restructure will transform the airport into a single, structurally unified main terminal with expanded transportation access, significantly increased taxiway space and best-in-class passenger amenities. The new 243,000 square foot Eastern Concourse at Terminal B debuted in December 2018 with 55-foot ceilings, an interactive children’s play area, indoor green space bathed in natural light, popular NYC eateries, Spa Here and specialty Made in Queens products. Air Canada, American Airlines and Southwest Airlines are operating flights from 11 new gates, with United Airlines joining this year. Air Canada's Maple Leaf Lounge was unveiled (United Club soon to follow). Additional phases of the redevelopment will open through 2021. The LaGuardia air train is expected to debut in 2023 (governor.ny.gov).

John F. Kennedy International Airport is currently undergoing an extensive transformation into a unified, world-class airport. The $13 billion multiyear investment will focus on expanding and connecting newer terminals, such as a  nearly $350 million unified Terminal 8 developed by American Airlines and British Airways, a complete redesign of the airport’s roadways, expansion of parking lots and taxiways, and state-of-the-art security technology (ny.gov). Additional amenities include the new 512-room TWA Hotel, which opened this spring (twahotel.com).

Newark Liberty International Airport is undergoing redevelopment with a $2.4 billion investment program to include a new 1-million-square-foot terminal, roadway system, a 3,000-space parking garage and more. The new terminal is expected to be partially open in 2020, with a full opening by late 2022 (panynj.gov).

In January 2018, Governor Andrew Cuomo announced a $34 million investment in Stewart International Airport, rebranding the airport to New York International at Stewart Field and expanding international passenger service. In June 2017, the airport began offering transatlantic flights for the first time via Norwegian Airlines, in addition to enhanced 80-minute Stewart Express Bus Service to and from Port Authority Bus Terminal in Midtown Manhattan. A new, permanent US Customs and Border Protection federal inspection station will allow the airport to handle both domestic and international flights. Project design was completed late last year, and construction is expected to be complete by early 2021 (governor.ny.gov).

Construction on the $1.6 billion Moynihan Train Hall project—which began in August 2017—remains on-time for targeted, substantial completion by the end of 2020. It will expand Penn Station across Eighth Avenue into the historic James A. Farley Post Office Building, creating direct access from Ninth Avenue for the first time, within convenient reach of Hudson Yards. All LIRR and Amtrak trains will be served by nine accessible platforms and 17 tracks within a sky-lit atrium, similar to the size of the main hall in Grand Central Terminal (governor.ny.gov).

In September 2018, Governor Andrew Cuomo revealed plans for a new entrance at 33rd Street and Seventh Avenue—providing direct access to the Long Island Rail Road Main Concourse and the New York City Subway— and the expansion of the Long Island Rail Road corridor. In January, intent to construct four new Metro-North stations—in Hunts Point, Parkchester/Van Nest, Morris Park and Co-op City—was announced, to link the East Bronx to Penn Station  (governor.ny.gov).

The recently launched NYC Ferry now has seven routes: Astoria, East River, Lower East Side, Rockaway, Soundview, South Brooklyn, and Brooklyn Navy Yard. While two additional new routes will be added in the next two years: Staten Island and Coney Island. The brand-new routes connecting the west side of Manhattan to Staten Island and Lower Manhattan to Coney Island, along with an updated South Brooklyn route, are expected to be added 2020–2021. The same cost as a one-way subway ticket ($2.75), the new ferry service connects locals and visitors to different neighborhoods throughout the five boroughs, connecting a total of 21 landings. (ferry.nyc).

Pier 55, a Thomas Heatherwick–designed project, resumed construction in the Meatpacking District near 13th Street in April 2018. The project will revitalize part of the Hudson River Park with almost three acres of new public park space with walking paths, open lawns, rolling hills, seating areas and more than 100 species of trees that will mesh with public art installations. Unique performance spaces, including a waterfront amphitheater, will offer world-class music and theatrical events. The project is expected to complete in spring 2021 (pier55.com).

Governors Island, one of the premier summer attractions in New York City, is now more accessible thanks to the addition of a brand-new vessel. The new dedicated ferry will run on the main ferry route from Battery Maritime Building at 10 South St. to the Northern tip of the island and increase trip frequencies to 3 times per hour on weekends. Meanwhile, an outside contractor will continue to offer trips to the Island from Pier 6 at Brooklyn Bridge park as well. (GovIsland.com)

Initially launched in Queens in May of 2013, the popular bike-share program added new Citi Bike stations in Long Island City, Astoria, Crown Heights, Prospect Heights and Harlem as of September 2017, completing a two-year expansion for a total of 600 docking stations and 10,000 bikes in 55 neighborhoods throughout the City. On November 29, 2018, Mayor de Blasio announced that Lyft will invest $100 million to double Citi Bike's service area and triple the number of bikes in the next five years, for a total of nearly 40,000 bikes upon completion (citibikenyc.com).

The first phase of MTA’s Second Avenue Subway opened to the public in January 2017. As New York City’s first major expansion of the subway system in more than 50 years, the newly extended Q line serves approximately 200,000 daily riders, reducing travel time for many going to and from the Upper East Side. The first phase of the project included an expanded 63rd Street station, along with new stations at 72nd, 86th and 96th Streets. When all four phases are complete, the line will stretch 8.5 miles along Manhattan’s east side, from Hanover Square in Lower Manhattan to 125th Street in Harlem (mta.info).

In September 2015, the MTA’s 7 line subway arrived at a brand-new station, 34 St-Hudson Yards, located at the heart of what will be Manhattan’s newest neighborhood on the far west side. This $2.4 billion transportation project, the City’s first new subway station in 26 years, extended the line by 1.5 miles (mta.info).