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New York’s JFK Airport Unveils Plan for $9.5 Billion International Terminal

Massive Project Involves Extending Lease Terms to Private Investors by 10 Years
A rendering depicts the new Terminal 1 at John F. Kennedy International Airport, which will eventually have 23 gates. (Port Authority of New York and New Jersey)
A rendering depicts the new Terminal 1 at John F. Kennedy International Airport, which will eventually have 23 gates. (Port Authority of New York and New Jersey)
CoStar News
December 14, 2021 | 3:03 P.M.

The major makeover of New York’s John F. Kennedy International Airport will include building a new 2.4 million-square-foot Terminal 1, which will become its largest international terminal ever, at a cost of $9.5 billion and funded entirely by private money.

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