Toronto Pearson Airport
Americas
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LaGuardia Airport
- Client
- LaGuardia Gateway Partners (LGP)
- Services
- Commercial Strategy & Advisory
- Sector
- Aviation + Transport
- Location
- New York, USA
- Size
- 33.5 MPPA
Commercial due diligence behind one of North America’s largest airport partnerships
LaGuardia Airport’s Terminal B redevelopment began in 2016. The scheme replaced the airport’s 50-year-old Central Terminal Building and is one of North America’s most significant public-private partnerships.
Commercial strategy from the bid through financial close
As specialist commercial advisor, drawing on previous work with Vantage on airport assets in Canada and the UK, Benoy’s scope spanned strategic passenger research, a detailed review of the existing terminal’s retail and catering performance, and definition of the future commercial proposition and layout. The team modelled optimum space across the pre-construction, construction and post-construction phases. Benoy developed forecasts for commercial revenues from the current offer through the construction period and across the full concession, feeding the successful investment bid. After LGP’s appointment as preferred bidder, Benoy was retained to assess the impact of final negotiations through to financial close.
A terminal sized to New York’s role as a domestic hub
The completed Terminal B reflects LaGuardia’s standing as a principal gateway for domestic air travel in the United States. The facility was designed to handle high passenger volumes while improving the quality of the journey through the building. More than 34 million passengers travelled through LaGuardia in 2024, a measure of the airport’s continued importance to the city it serves.
