JFK Airport Redevelopment (New Terminal One & Terminal 6)
An airport-wide public-private redevelopment replacing or rebuilding two full terminals and expanding two others. New Terminal One ($9.5 billion) will be JFK's largest terminal with 22-23 widebody gates, replacing the demolished former Terminals 2 and 3. New Terminal 6 ($4.2 billion) replaces the old Terminals 6/7. Port Authority reports the program supports roughly 9,600 direct construction jobs and 15,000+ total jobs, plus $2.7 billion in contracting with minority- and women-owned businesses.
- Total Budget
- $19 billion — $15 billion in private investment (new terminals) plus $3.9 billion in Port Authority funding (roadways/infrastructure) Every reported cost figure →
- Status
- Under construction, phased opening — Terminal 6 opened its first gates May 2026; New Terminal One's first gates targeted for late 2026
- Location
- John F. Kennedy International Airport, Queens — spans Terminals 1, 4, 6, and 8
- Total Program Value
- $19 billion
- New Terminal One Cost
- $9.5 billion
- New Terminal One Gates
- 22–23 widebody
- New Terminal 6 Cost
- $4.2 billion
- Construction Jobs Supported
- ~9,600 direct / 15,000+ total
- M/WBE Contracting
- $2.7 billion
Port Authority facilities are a bi-state agency project, not subject to standard NYC Department of Buildings permitting the way private construction is — so this project doesn't and won't appear in DOB Job Application Filings or DOB Permit Issuance, the two datasets the rest of this site is built on. That's why it's tracked here by hand instead of pulled live like everything else on Constructel NYC.
Who's Building It
4 contracts named in reporting, 11 firms including the owner, 2 with a disclosed contract value. Each firm links to its own profile — every project it's on, and its DOB permit history where one exists under its name. Joint ventures are shown as reported, with each partner linked.
JFK Millennium Partners (Vantage Group, American Triple I, RXR, JetBlue)
Developer/operator, New Terminal 6
$4.2 billion project value, financed via ~$2 billion in bonds including $1.85 billion in green bonds
RXR Realty is also on 175 Park Avenue (The Commodore), 61 Broadway
Source →New Terminal One Consortium (Ferrovial, Carlyle, JLC Infrastructure, Ullico)
Developer, New Terminal One
$9.5 billion, 2.4 million sq ft terminal
Source →Construction and design management lead, New Terminal One
AECOM Tishman is also on Midtown Bus Terminal Replacement, 270 Park Avenue (JPMorgan Chase Headquarters)
Source →Architect, New Terminal One
Gensler is also on Former Pfizer Headquarters (219–235 East 42nd Street), 160 Water Street ("Pearl House")
Source →
Phases
Click a phase for its full detail.
1 of 3 phases complete
Terminal 6 — Phase 1
OpenFirst 10 gates opened May 2026; full terminal completion targeted for 2028. Developer: JFK Millennium Partners (led by Vantage Group, American Triple I, RXR, and JetBlue).
Same Firms, Other Projects
Other tracked landmark projects, towers and conversions sharing at least one firm with JFK Airport Redevelopment (New Terminal One & Terminal 6).
- Midtown Bus Terminal ReplacementLandmark Infrastructure
Shared firms: Port Authority of New York & New Jersey, AECOM Tishman
- 160 Water Street ("Pearl House")Office Conversion
Shared firm: Gensler
- 175 Park Avenue (The Commodore)Skyline Tower
Shared firm: RXR Realty
- 270 Park Avenue (JPMorgan Chase Headquarters)Skyline Tower
Shared firm: AECOM Tishman
- 61 BroadwayOffice Conversion
Shared firm: RXR Realty
- Former Pfizer Headquarters (219–235 East 42nd Street)Office Conversion
Shared firm: Gensler
- One World Trade CenterSkyline Tower
Shared firm: Port Authority of New York & New Jersey
News & Announcements
- JFK Millennium Partners Completes Nearly $2B Bond Issuance for JFK Terminal 6 Redevelopment
PR Newswire · 2025
- NYC Airport & Travel Update: JFK Terminal 6 Now Open, Terminal One Arriving in June
HelpNewYork.com · 2026-05-07
- New Terminal One at JFK Breaks Ground, Begins Construction of First Phase of Development
Carlyle (official) · 2022-09-08
- Inside the $6 Billion Debt Clock Ticking on New York-JFK's Delayed New Terminal 1
Simple Flying · 2026-06-15
Frequently Asked
- Who is building JFK Airport Redevelopment (New Terminal One & Terminal 6)?
- Firms named in sourced reporting: JFK Millennium Partners (Vantage Group, American Triple I, RXR, JetBlue) — Developer/operator, New Terminal 6; New Terminal One Consortium (Ferrovial, Carlyle, JLC Infrastructure, Ullico) — Developer, New Terminal One; AECOM Tishman — Construction and design management lead, New Terminal One; Gensler — Architect, New Terminal One.
- How much does JFK Airport Redevelopment (New Terminal One & Terminal 6) cost?
- $19 billion — $15 billion in private investment (new terminals) plus $3.9 billion in Port Authority funding (roadways/infrastructure).
- What is the status of JFK Airport Redevelopment (New Terminal One & Terminal 6)?
- Under construction, phased opening — Terminal 6 opened its first gates May 2026; New Terminal One's first gates targeted for late 2026.
- Who oversees JFK Airport Redevelopment (New Terminal One & Terminal 6)?
- Port Authority of New York & New Jersey.
- Where is JFK Airport Redevelopment (New Terminal One & Terminal 6)?
- John F. Kennedy International Airport, Queens — spans Terminals 1, 4, 6, and 8