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September construction starts jump 14%

November 2, 2017

Large nonresidential projects like the new Delta terminal continue to influence starts data. The new terminal, which is in addition to the current Terminal B project LaGuardia Gateway Partners (LGP) has in progress, is part of the Port Authority of New York and New Jersey’s efforts to modernize the airport.

The LGP effort even gained a bit of star power in August when NBA legend Earvin “Magic” Johnson announced that he had become an investor in the project. Delta is footing most of the bill for its new terminal — $3.4 billion — and the Port Authority contributing the remaining $600 million.

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