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$32 Billion for Port Authority Capital Plan
A newly approved $32.2 billion capital campaign will, among other goals, modernize transit and improve the much maligned LaGuardia Airport. The plan apportions roughly $11 billion to air travel, including "$4 billion for a LaGuardia Terminal B replacement and puts funds toward the revitalization of John F. Kennedy International Airport," writes Audrey Wachs for The Architect's Newspaper.
The rest of the funding will be divided between rail and car infrastructure. "The agency is putting $2.7 billion towards debt service on to-be-borrowed money for a new and sorely needed trans-Hudson rail line between New York and New Jersey," Wachs reports.