Episode 1283 • • 1:02:06 - 1:06:48
1283: Dumb and Sick
LaGuardia Airport Reconstruction, Private Investment Partners
LaGuardia Airport is undergoing an $8 billion reconstruction project to transform the facility into a modern transportation hub. The project is two-thirds privately financed by a consortium including Skanska and Vantage Airport Group, with equity investment from Magic Johnson’s enterprises. Observers noted that construction continued 24/7 during the pandemic lockdowns, raising questions about the financing and the speed of the overhaul while the state faced budget shortfalls.