THE PORT AUTHORITY OF NY & NJ
Press Release Article
A NEW TERMINAL FOR JFK
Date: Sep 22, 2008
Press Release Number: 102-2008
Port Authority executives today joined JetBlue Airways CEO Dave Barger, elected officials and invited guests to inaugurate Terminal 5 – JetBlue’s new home at John F. Kennedy International Airport.
The Port Authority provided nearly $800 million in financing for the new 26-gate, 635,000-square-foot terminal, which was designed to handle up to 20 million passengers per year. The bistate agency also is opening this week a new, $82 million, six-level parking garage that will serve the terminal, featuring more than 1,500 parking spaces. The garage has three entry lanes; eight exit lanes equipped to accept cash, credit cards and E-ZPass; four high-speed elevators; and easy access to AirTrain JFK and a connector bridge that links to the new terminal.
The new Terminal 5 stands behind the landmark TWA Terminal, and the two buildings are joined via tubes that were used by TWA’s passengers to access gates. The TWA Terminal, designed by renowned architect Eero Saarinen, is controlled by the Port Authority, which is currently rehabilitating the structure. The TWA Terminal no longer can meet the needs of passengers because of its many aeronautical limitations, but the Port Authority is committed to reopening this marvel of modern American architecture to the public. Next year, the agency is expected to begin a process that ultimately will provide a vibrant new life for the structure by adapting it to new airport-related uses, which are yet to be determined.
"A few years ago the Port Authority seized the chance to work with JetBlue on building a new terminal in the space behind the iconic TWA Terminal,” Port Authority Chairman Anthony R. Coscia said. “Our contribution of nearly $800 million in financing is a smart, forward-looking investment to create new capacity at Kennedy Airport, consistent with our overall strategy for reducing flight delays in the aviation system. We congratulate JetBlue for its efforts in bringing this magnificent new passenger terminal to JFK."
Port Authority Executive Director Chris Ward said, “Kennedy Airport’s remarkable 60-year history as the gateway to the world adds an important new chapter today with the debut of the new Terminal 5. We’re proud to have invested in a facility that will play such a critical role in accommodating future growth in air travel in the New York region, and we wish JetBlue the greatest success.”
The terminal is part of the agency’s 10-year, $29.5 billion capital plan, which includes more than $6 billion in improvements and enhancements to the agency’s airports.
Candace McAdams or Pasquale DiFulco, 212 435-7777
The Port Authority of New York and New Jersey operates many of the busiest and most important transportation links in the region. They include John F. Kennedy International, Newark Liberty International, LaGuardia, Stewart International and Teterboro airports; AirTrain JFK and AirTrain Newark; the George Washington Bridge and Bus Station; the Lincoln and Holland tunnels; the three bridges between Staten Island and New Jersey; the PATH (Port Authority Trans-Hudson) rapid-transit system; the Port Authority-Downtown Manhattan Heliport; Port Newark; the Elizabeth-Port Authority Marine Terminal; the Howland Hook Marine Terminal on Staten Island; the Brooklyn Piers/Red Hook Container Terminal; and the Port Authority Bus Terminal in midtown Manhattan. The agency also owns the 16-acre World Trade Center site in Lower Manhattan.
The Port Authority is financially self-supporting and receives no tax revenue from either state.