Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
NY-NJ Port Authority To Buy Stewart Airport (SWF)  
User currently offlineWannabe From United States of America, joined Jun 1999, 681 posts, RR: 2
Posted (9 years 4 months 6 days 21 hours ago) and read 2985 times:

As was mentioned in a series of threads here, the NY/NJ Port Authority has agreed to puchase Stewart Airport, and hopes to use it to relieve congestion on the other for airports it now operates (JFK, LaGuardia, Newark and Teteboro). Here are some quotes from report in todays Middletown Herald Record;

Port Authority approves Stewart Airport buyout
Times Herald-Record
January 26, 2007
New York — The Port Authority voted yesterday to purchase the operating lease for Stewart International Airport and transform it into an integral part of the metropolitan region's airport system.

"We can turn that sleepy, underutilized facility into a dynamic transportation hub that will, along with our other investments in our regional airport system, allow us to meet the incredible growth in demand for air travel," said Anthony Shorris shortly after the Spitzer appointee was formally hired as the Port Authority's executive director.

The Port Authority will pay the National Express Group $78.5 million for the remaining 93 years of its 99-year lease with the state Department of Transportation. The British transportation company, which wants out of the airport business, paid $35 million for the lease but has invested that much and more in the 2,200-acre property.

"The Port Authority has tremendous experience operating airports, and I think the Hudson Valley as a whole will benefit greatly from this new partnership," said Tanya Vanasse, a Stewart spokeswoman. "We're looking forward to working with them.".....

..."No one should expect immediate radical changes," said Marc La Vorgna, a Port Authority spokesman. "Airport development is a very lengthy process and has to occur incrementally over many years with careful management and timely investments in infrastructure."

"We expect to develop Stewart into a reliever airport for our other airports," said La Vorgna, pointing out that the Big Three served a record 103 million passengers last year. "We expect a substantial increase in the number of annual passengers but that will happen over a period of many years. It will not be the next La Guardia though, or even close."

The full report can be read at this link;

Wannabe.....4 miles from SWF.

Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
NY/NJ Port Authority Looks At SWF posted Thu Nov 16 2006 22:49:44 by PVDflier
NY/NJ Port Authority Restricts LGA Flights posted Sat Sep 23 2000 00:17:03 by GoldenJet
BAA To Buy Budapest Airport posted Sat Dec 10 2005 01:15:47 by Dean
Port Authority Studying 4th NYC Airport posted Mon Jun 20 2005 23:03:26 by STT757
NY/NJ Port Agency Approv. 875 Mln JetBlue Terminal posted Wed Aug 4 2004 22:37:58 by Iowaman
Port Authority To FAA "no Big Jets At Teterboro". posted Tue Aug 19 2003 23:50:23 by STT757
Port Authority To Fight FAA Over 737s At Teterboro posted Thu Jul 31 2003 23:49:08 by STT757
Port Authority NY NJ Capital Plan (2006-2015) posted Fri Dec 9 2005 20:25:00 by STT757
ID Needed To Buy Magazines At Airport? posted Sun Sep 3 2006 05:22:22 by Aa757first
RDU Airport Authority To Hold Information Session posted Thu Sep 1 2005 05:59:23 by Fbm3rd