Five-time NBA champion Magic Johnson can add a new title to his resume: airport mogul. The former Los Angeles Laker is investing in New York City’s new LaGuardia Airport project.
He announced his involvement in the project the same day the airport broke ground on its eastern portion and it comes via JLC Infrastructure — a joint venture between Magic Johnson Enterprises and Loop Capital Markets LLC. The joint venture committed $10 million to LaGuardia Gateway Partners, the firm currently building the western part of the airport.
“Either you are building and developing or you are going backward,” said New York City Governor Andrew Cuomo. “Because if you’re not building and developing, your competition surely is. We are living off the inheritance not of our parents, of our grandparents. Everything you see, all the infrastructure you see, everything we built, all these great accomplishments [are] literally from our grandparents’ generation. But, while we’ve been standing still, our competition around the globe has been working and building and developing.”
When LaGuardia begins operation in 2020, it will be a quarter century since the last airport opened in the United States — Denver International Airport began service in 1995. In total, the project will cost $8 billion, including $6 billion in private sector investments. The facility will incorporate a number of ambitious projects like a unified airport terminal where passengers check in for all flights from a central concourse and moving the entire facility closer to the Grand Central Parkway.
By moving the buildings, the new airport will nearly triple its ground operations and add more than two miles to its taxiways to help reduce ground delays. The western portion is already under construction following a groundbreaking in June 2016 and will house United Airlines, American Airlines, Southwest Airlines and Air Canada. Last month marked the groundbreaking of the airport’s eastern segment dedicated to Delta Air Lines’ operations.
Delta is contributing $3.4 billion to the project — the largest single investment for the airline — and it will operate four concourses with 37 flexible gates. The carrier will feature 30 percent more concession space and a larger Delta Sky Club with a sky deck.
The new LaGuardia Airport is expected to be fully operational by 2021.
This month, tribal leaders and state officials joined Visit California at the future Agua Caliente Cultural Plaza to unveil a new statewide initiative. This initiative aims to showcase California’s native communities and cultural tourism experiences to domestic and international travelers. At the announcement, tribal leaders from across the state shared with journalists a sampling of the state’s vast array of offerings.
United Airlines remains firmly committed toward sustainability in aviation. The latest development in its eco-conscious goals includes working with Oxy Low Carbon Ventures to commercialize the production of sustainable aviation fuels (SAF) with biotech firm Cemvita Factory. Cemvita looks to develop a revolutionary new way to produce SAF by using carbon dioxide and synthetic microbes. Additionally, United Airlines Ventures (UAV) recently announced an equity investment in Fulcrum, and United has invested more in SAF production than any other airline in the world.
Longing for a destination steeped in romance and enchanting stories? In Southwest Germany, a collection of soaring castles and resplendent gardens offers connections to tales of true love. Take a trip to Sepulchral Chapel on Württemberg Hill in Stuttgart, overlooking the Neckar Valley.
Considering an autumnal adventure or Thanksgiving trip this year? Well, with walkable cities, cozy pubs and lots of seasonal festivals, the island of Ireland is calling. And if you need more reasons to Press the Green Button and go, take a look and see what awaits you on the Emerald Isle …
ToursbyLocals, the private tour marketplace connecting travelers with certified local guides for customizable tour experiences, conducted a proprietary travel survey to determine travel trends for 2023. The company features more than 44,000 guides in almost 200 countries, allowing a comprehensive study to reveal what’s in store for next year.
Holland America Line was awarded Responsible Fisheries Management certification, officially becoming the first and only cruise line to receive the credential. Holland America Line serves only fresh, certified sustainable and traceable wild Alaska seafood; all six of the line’s ships that sail to Alaska earned the certification following independent audits.
Experience the beauty of Alaska and save 60 percent off cruise fares on your second and fourth guests. Plus, drinks, WiFi and tips are all included.