Hawkins Delafield & Wood LLP served as sole underwriters’ counsel on the recently completed $2.4 billion financing for LaGuardia Airport that financed the complete demolition of the existing Terminal B and reconstruction of a new replacement Terminal B. In addition, separate payments to be funded by the Port Authority of New York and New Jersey (approximately $1.2 billion) will pay for the cost of a new Central Hall to enhance the airport and integrate the new Terminal B with other terminals, a new West Parking Garage, certain airport improvements, and replacement of access roadways. LaGuardia Airport is operated by the Port Authority of New York and New Jersey. The transaction was recognized as The Bond Buyer’s 2016 Deal of the Year for the Northeast Region.
Hawkins is nationally recognized as a leading law firm for public-private partnerships and for finance transactions relating to airports, highways, railroads, ports and other transportation facilities.
