In what is plausibly a modern-day miracle, Port Authority has finally announced a winning bid for the overhaul of LaGuardia Airport. The agency has chosen LaGuardia Gateway Partnersa consortium of Vantage Airport Group, Skanska, Meridiam Infrastructure, Parsons Brinckerhoff, Walsh, and HOKto lead the long-awaited overhaul.

According to the Port Authority, the $4 billion overhaul will,

include the demolition of the existing CTB and associated infrastructure and the construction of a new 1.3 million square foot, 35 gate terminal building; a new aeronautical ramp; frontage roads that will serve the new terminal; a new central heating and refrigeration plant; and other utilities and site improvements. Just because a winning bid has been chosen doesn't necessarily mean the overhaul is guaranteed to happen. The project has been complicated from the get-go, and got a whole dose of headache in October when Governor Cuomo announced a design competition for the overhaul of the airport's central terminal. On Thursday, Port Authority agreed to remake the airport in Cuomo's vision, with a central terminal rather than an array of terminals, and dedicate $400 million to the project if Gateway Partners can accommodate it in their plans.

The project, which the Times says will not be completed until at least the 2030s, is structured as a public-private partnership, where LaGuardia Gateway Partners will pay $4 billion to rebuild the facility in exchange for a portion of its revenue. The Times reports that the next steps in the process will be to begin negotiating the 35 year lease on the terminal.

· LaGuardia Gateway partners [official]

· Port Authority Picks Group to Remake LaGuardia Airport [NYT]

· All LaGuardia Airport coverage [Curbed]