That Terminal proposal hasn't even been officially submitted for the Port Authority to review, after thats submitted they have to line up financing for it. Continental is receiving financing for their projects at EWR through the New Jersey Economic development authority, American's new Terminal is being financed through the Empire State redevelopment authority. After financing has been arranged they have to do an enviromental impact assessment and after that's complete they then can submitt their proposal to the Port Authority Board of Commissioners to review and then approve.
If all the commisioners (who are from NY and NJ) approve the plan it then has to be sent to the Governor's of NJ and NY for final approval, if either one of them doesn't approve the project it doesn't get done. Governor Pataki held up CAL's project at EWR for 12-18 months over his objections to large investments the PA was making at Marine Terminals at Port Newark/Elizabeth in NJ. Governor Whitman then held up AA's JFK Terminal plan until Governor Pataki approved CAL's EWR project and the expansion to Port of Newark's Marine terminals.
It was settled 18 months later and both AA and CAL's projects received approval as did the expansion of Port Newark.
For such a large project like what DL "PROPOSED" to build at JFK the Governor of NJ would want something substantial to be approved at the same time for NJ, like a PATH extension to EWR or a new runway at EWR. Both projects would then be linked and would have to be approved together by the Port Authority and both Governor's of NJ and NY.
But so far DL hasn't even submitted anything to get the ball rolling, figure about 2 years after they submit something (if they ever do) would you even see ground broken. Then maybe another 3-4 years after that until it's complete, they have to hurry or they're not going to have their project done before AA's Terminal opens in 2006. Most of CAL's EWR expansion will be finished next year, the last part of their project which is a maintenance facility for their ground vehicles should be finished by 2003. Here's a link to CAL's Global Gateway site, many of the projects are nearing completion probably by November or December of this year.http://www.continental.com/globalgateway/