logo
'Organized chaos': $19bn airport megaproject takes shape in cramped NY

'Organized chaos': $19bn airport megaproject takes shape in cramped NY

Yahoo19-03-2025

New York's JFK airport is an overlapping patchwork of open terminals, giant building sites and burgeoning infrastructure, wedged in by thousands of homes on one side and the ocean on the other.
Passengers and project executives alike describe the $19 billion mega-project to completely overhaul the United States' largest global aviation gateway as "organized chaos" -- even as the airport remains open and passenger numbers grow.
"For me, it's the most complex project I've ever worked on," said Gina Bigler, a senior engineer of construction at the JFK Redevelopment Program to entirely remodel the airport that handles more international passengers than any other in North America.
Around her, temporary bridges redirected roads to make space for new permanent crossings and flyovers, while giant excavators shifted sandy earth near two brand new terminals in varying stages of completion.
"There's multiple different contractors and the fact is the passenger volume is way higher than other projects," said Bigler, wearing a hardhat and high-vis jacket as she watched the delivery of plastic piping to the site of a new parking garage.
"We have the constant push and pull of who's going to go first. There's tons of conversations."
A complex web of contractors, terminal tenants, investment consortiums and airlines all coordinate with the Port Authority of New York-New Jersey (PANYNJ) which oversees every aspect of the project, from what art will be displayed in terminals to the tiles selected for the bathrooms.
- Political headwinds -
Despite the Coronavirus disruption and the project's scale and complexity, currently the largest of its type in the US, the redevelopment remains on budget and on schedule.
Collaboration between the airport owner and private businesses guaranteed "oversight from a public oversight perspective," said JFK Millennium Partners CEO Steve Thody, responsible for the airport's new Terminal Six.
"But it allows you to bring private money into the deal, which allows you to advance infrastructure probably at a faster pace than you could do otherwise."
PANYNJ executive director Rick Cotton said that approach -- with no taxpayer money involved -- meant the airport redevelopment was insulated from political headwinds as it did not depend on federal funding.
The way Cotton's agency was structured meant it could "prioritize the transportation priorities of the region -- and it was precisely intended to have political considerations take a back seat."
Since returning to office, President Donald Trump has threatened to withhold federal funds from states and cities that do not bend to his will, like Illinois over immigration sanctuary policies.
At the airport, the new Terminal Six is long but narrow, wedged in to the limited space available between runways and a people-mover track.
The largest piece of the puzzle is the entirely new Terminal One. Measuring 2.5 million square feet (232,000 square meters), the cavernous $9.5 billion megastructure is shaped like a butterfly taking flight and used as much steel as five Eiffel Towers.
Financing came from an unprecedented public-private tie-up that reportedly included a $6.5 billion bank loan.
- Environmental concerns -
Ultimately, the goal is to create airy new terminal space and eradicate the massive traffic jams currently plaguing approaches to the airport.
Recognizing the proximity to dense neighborhoods and businesses, the airport has worked to reduce dust, noise and traffic at the sprawling construction project.
But campaigners are critical of green initiatives around inherently polluting sites like airports, with aviation accounting for two to three percent of total current global human-induced carbon emissions, according to the Intergovernmental Panel on Climate Change.
Cotton, of the PANYNJ, acknowledged that "obviously, the transportation sector generates a lot of greenhouse gasses."
But he said redeveloped JFK would offer airlines more sustainable fuel, as well as electrifying airside vehicles and installing New York's largest solar array.
It has also made use of giant barges to ship in construction material and steel for the terminals and new bridges, taking some 300,000 truckloads off the congested local roads according to project leaders.
gw/mlm

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Why Middlesex Water (MSEX) is a Great Dividend Stock Right Now
Why Middlesex Water (MSEX) is a Great Dividend Stock Right Now

Yahoo

time7 hours ago

  • Yahoo

Why Middlesex Water (MSEX) is a Great Dividend Stock Right Now

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases. Based in Iselin, Middlesex Water (MSEX) is in the Utilities sector, and so far this year, shares have seen a price change of 8.44%. The water utility is currently shelling out a dividend of $0.34 per share, with a dividend yield of 2.38%. This compares to the Utility - Water Supply industry's yield of 2.53% and the S&P 500's yield of 1.54%. In terms of dividend growth, the company's current annualized dividend of $1.36 is up 3.4% from last year. Middlesex Water has increased its dividend 5 times on a year-over-year basis over the last 5 years for an average annual increase of 6.15%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Middlesex Water's current payout ratio is 56%. This means it paid out 56% of its trailing 12-month EPS as dividend. MSEX is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2025 is $2.53 per share, which represents a year-over-year growth rate of 2.43%. Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. However, not all companies offer a quarterly payout. High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, MSEX is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of 3 (Hold). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Middlesex Water Company (MSEX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research

New Nubz Chew Treats from Nylabone Add a Burst of Flavor to the Dog Days of Summer
New Nubz Chew Treats from Nylabone Add a Burst of Flavor to the Dog Days of Summer

Yahoo

time18 hours ago

  • Yahoo

New Nubz Chew Treats from Nylabone Add a Burst of Flavor to the Dog Days of Summer

NEPTUNE CITY, N.J., June 15, 2025--(BUSINESS WIRE)--Nylabone, an iconic brand in the Central Garden & Pet portfolio (NASDAQ: CENT) (NASDAQ: CENTA), is bringing even more tail-wagging joy to treat time with the launch of Nubz® Flavor Bursts chew treats – a flavorful addition to its popular Nubz® dog treat line, just in time for summer snacking. Made with real cheddar cheese and irresistible bacon flavor, these natural chew treats are crafted using innovative technology that encapsulates savory flavor bursts throughout each chew, not just on the surface. They're also the newest wheat-free and corn-free addition to the Nubz® collection—perfect for providing grain-sensitive dogs the excitement they deserve in their treats. "Summer is all about embracing fun and indulging in bold flavors, and Flavor Bursts chew treats deliver it all in one mouthwatering yet guilt-free reward," said Glen S. Axelrod, President and CEO of Nylabone Products. "They combine everything pet parents and dogs love about Nubz—natural, real ingredients; irresistible flavor; and USA-made quality—and leave out the corn and wheat, making them an accessible treating option for dogs with dietary needs." Crafted with a highly digestible potato starch recipe, Nubz® Flavor Bursts contain no artificial preservatives, colors, or fillers. They also feature the brand's namesake dental textures to promote healthy teeth and gums, can easily break in half for smaller treats, and are proudly made in the USA. Nubz® Flavor Bursts chew treats are now available on and ready to add a flavorful new twist to your dog's summer routine. About Nylabone Nylabone, a leader in healthy chewing since 1955, crafts high-quality chew toys, tasty chew treats, exciting play toys, and innovative dental solutions. A family-founded company, Nylabone has a history of helping pet parents take the best possible care of their dogs. They are committed to developing world-class solutions for destructive chewing, separation anxiety, dental health, and more, helping dogs live fuller, happier lives. Recommended by veterinarians, Nylabone® products encourage a positive relationship between humans and their furry best friends. To put it simply, Nylabone Chews Best!TM For more information, visit Nylabone is a brand owned by TFH Publications, Inc. TFH Publications, Inc. is a subsidiary of California-based Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) and has been a leader in responsible animal care for over 70 years. About Central Garden & Pet Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) understands that home is central to life and has proudly nurtured happy and healthy homes for over 45 years. With fiscal 2024 net sales of $3.2 billion, Central is on a mission to lead the future of the pet and garden industries. The Company's innovative and trusted products are dedicated to helping lawns grow greener, gardens bloom bigger, pets live healthier, and communities grow stronger. Central is home to a leading portfolio of more than 65 high-quality brands including Amdro®, Aqueon®, Cadet®, C&S®, Farnam®, Ferry-Morse®, Four Paws®, Kaytee®, Nylabone® and Pennington®, strong manufacturing and distribution capabilities, and a passionate, entrepreneurial growth culture. Central is based in Walnut Creek, California, with over 6,000 employees, primarily across North America. Visit to learn more. View source version on Contacts Media Contact Friederike EdelmannVP Investor Relations & Corporate Sustainability(925) 412-6726fedelmann@ Sign in to access your portfolio

New Nubz Chew Treats from Nylabone Add a Burst of Flavor to the Dog Days of Summer
New Nubz Chew Treats from Nylabone Add a Burst of Flavor to the Dog Days of Summer

Yahoo

time19 hours ago

  • Yahoo

New Nubz Chew Treats from Nylabone Add a Burst of Flavor to the Dog Days of Summer

NEPTUNE CITY, N.J., June 15, 2025--(BUSINESS WIRE)--Nylabone, an iconic brand in the Central Garden & Pet portfolio (NASDAQ: CENT) (NASDAQ: CENTA), is bringing even more tail-wagging joy to treat time with the launch of Nubz® Flavor Bursts chew treats – a flavorful addition to its popular Nubz® dog treat line, just in time for summer snacking. Made with real cheddar cheese and irresistible bacon flavor, these natural chew treats are crafted using innovative technology that encapsulates savory flavor bursts throughout each chew, not just on the surface. They're also the newest wheat-free and corn-free addition to the Nubz® collection—perfect for providing grain-sensitive dogs the excitement they deserve in their treats. "Summer is all about embracing fun and indulging in bold flavors, and Flavor Bursts chew treats deliver it all in one mouthwatering yet guilt-free reward," said Glen S. Axelrod, President and CEO of Nylabone Products. "They combine everything pet parents and dogs love about Nubz—natural, real ingredients; irresistible flavor; and USA-made quality—and leave out the corn and wheat, making them an accessible treating option for dogs with dietary needs." Crafted with a highly digestible potato starch recipe, Nubz® Flavor Bursts contain no artificial preservatives, colors, or fillers. They also feature the brand's namesake dental textures to promote healthy teeth and gums, can easily break in half for smaller treats, and are proudly made in the USA. Nubz® Flavor Bursts chew treats are now available on and ready to add a flavorful new twist to your dog's summer routine. About Nylabone Nylabone, a leader in healthy chewing since 1955, crafts high-quality chew toys, tasty chew treats, exciting play toys, and innovative dental solutions. A family-founded company, Nylabone has a history of helping pet parents take the best possible care of their dogs. They are committed to developing world-class solutions for destructive chewing, separation anxiety, dental health, and more, helping dogs live fuller, happier lives. Recommended by veterinarians, Nylabone® products encourage a positive relationship between humans and their furry best friends. To put it simply, Nylabone Chews Best!TM For more information, visit Nylabone is a brand owned by TFH Publications, Inc. TFH Publications, Inc. is a subsidiary of California-based Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) and has been a leader in responsible animal care for over 70 years. About Central Garden & Pet Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) understands that home is central to life and has proudly nurtured happy and healthy homes for over 45 years. With fiscal 2024 net sales of $3.2 billion, Central is on a mission to lead the future of the pet and garden industries. The Company's innovative and trusted products are dedicated to helping lawns grow greener, gardens bloom bigger, pets live healthier, and communities grow stronger. Central is home to a leading portfolio of more than 65 high-quality brands including Amdro®, Aqueon®, Cadet®, C&S®, Farnam®, Ferry-Morse®, Four Paws®, Kaytee®, Nylabone® and Pennington®, strong manufacturing and distribution capabilities, and a passionate, entrepreneurial growth culture. Central is based in Walnut Creek, California, with over 6,000 employees, primarily across North America. Visit to learn more. View source version on Contacts Media Contact Friederike EdelmannVP Investor Relations & Corporate Sustainability(925) 412-6726fedelmann@ Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store