Dianne Hughes

The Board of Directors considered the issuance of tax-exempt Special Facilities Revenue Bonds, Series 2026, to benefit LaGuardia Gateway Partners, LLC. The proceeds are intended to finance two primary components of the 2026 Improvement Project at Terminal B of LaGuardia Airport: the installation of approximately eighty-two electric ground service equipment charging stations and improvements to facilitate three additional gates. The Board reviewed and authorized the operative provisions, sale terms, bond purchase agreement, and related financing documents. Additionally, the Board made a formal determination that the project would not have a significant effect on the environment pursuant to the State Environmental Quality Review Act.

The board meeting included a president's report covering construction permits, project easements, bond refinancing, and progress on the Site K development project. The board authorized a reimbursement agreement with the New York Convention Center Operating Corporation to complete sewer connection and paving work at the Jacob K. Javits Convention Center. Additionally, the board approved a recommendation to amend the general project plan to allow for the installation of digital advertising signs on the convention center facade, including necessary overrides of local zoning regulations and the adoption of design guidelines.

The meeting included project updates regarding community engagement and proposed programs. Discussions focused on the next steps for the memorandum of understanding, the public engagement process, and the environmental review stages. An executive session was held to discuss negotiations with the project developer, followed by an opportunity for public comments.

This document serves as a media advisory for a public meeting of the Directors of the Atlantic Yards Community Development Corporation. It outlines the meeting location and provides instructions for the public to RSVP, listen to the meeting via a live webcast, and submit written comments on agenda items prior to the session.

The directors authorized the adoption of a pre-qualified list of legal counsel and approved revised procurement guidelines. Furthermore, the meeting covered the financing of the LaGuardia Airport Terminal B improvement project, including the appointment of underwriters and financial advisors, authorization for a TERA hearing, and the inducement of the project for private activity financing. Additionally, contracts for legal services were approved for several law firms in connection with the LaGuardia Airport project.