The Port Authority of New York and New Jersey voted Thursday to move ahead with the first phase of a $3.6 billion project to replace the crumbling Central Terminal Building, known as Terminal B, with a new facility which will serve approximately 50 percent of all the passengers at the airport, officials announced.
The agency also selected the LaGuardia Gateway Partners to build the new terminal.
The Central Terminal Building, which first opened in 1964, will be demolished. The replacement will serve as LaGuardia's main entry.
The project also calls for linking the airport’s four terminals, which are currently disconnected, and a number of amenities such as a hotel and business center and a connection to the proposed AirTrain.
A master plan for the redevelopment will be unveiled in the coming weeks, officials said.
According to the Port Authority, construction will be funded by a public-private partnership.