NY&NJ Port Authority signs long-term ground lease to create new world-class cargo facility at JFK
Source: Port Authority of New York and New Jersey The Port Authority of New York and New Jersey announced today the signing of a long-term ground lease agreement with Aeroterm for the development of a state-of-the-art $145 million, 350,000-square-foot cargo facility on more than 26 acres at John F. Kennedy International Airport. The first new cargo facilities built at JFK in two decades, the Aeroterm project represents a significant step forward in the JFK Vision Plan outlined by Governor Andrew Cuomo. The project is part of a comprehensive Port Authority strategy to bring 21st-century standards to cargo operations at all of its commercial airports. The Aeroterm project will demolish two obsolete facilities at JFK and build an expanded, best-in-class cargo [...]