This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

JFK Terminal 3 Site Redevelopment To Move Forward, Benefitting Traveling Public, Region And Job Creation

Stocks in this article: DAL

NEW YORK, June 26, 2013 /PRNewswire/ -- Recognizing the former Pan Am Worldport's place in John F. Kennedy International Airport's aviation history, Delta Air Lines (NYSE: DAL) and the Port Authority of New York and New Jersey will partner to create a suitable tribute to the Worldport during the redevelopment of the Terminal 3 site. Delta and the Port Authority will consider incorporating artifacts that may include models used by Milton Hebald to create the 'Zodiac' sculptures as well as photographs.  

(Logo: ) (Logo: )

While the building did not receive recognition by the State's Historic Preservation Office, Delta and the Port Authority are committed to creating an appropriate tribute and will work with the preservation community to ensure the Worldport is properly remembered.

The long planned redevelopment of JFK's Terminal 3 site, which is currently underway, is essential to efficient airline operations and to improving the travel experience for the millions of passengers who use JFK every year. It also will allow airlines at Terminal 2 and Terminal 4 to stage aircraft closer to the terminals, saving valuable time for passengers.

Delta's $1.4 billion redevelopment plan at JFK will generate more than 10,000 jobs in the New York region by 2014 – including 200 construction jobs through the abatement, demolition and redevelopment of the Terminal 3 site. The work includes a full-project labor agreement, with approximately 21 percent minority and women-owned business enterprise participation.

The economic vitality of the region is dependent on continued investment in the region's airports and the creation of world-class 21 st century facilities. JFK is a land-constrained airport and redeveloping Terminal 3 is consistent with the JFK master plan. The project is vital to ensuring significant, long-term future growth, development and job creation at the airport, one of the nation's most vital international gateways.

While the Port Authority has preserved historic structures at each of its major airports – including the TWA Flight Center at JFK, the Marine Air Terminal at LaGuardia and the administration building at Newark Liberty – the adaptive reuse of Terminal 3 is not feasible. Preserving the obsolete structure will cost jobs for the region, lead to passenger delays, and hold back the future expansion of JFK Airport.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs