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00:00We had an exciting day yesterday we commenced the lease with the Port Authority of New York in New Jersey and the governor announced the redevelopment of LaGuardia starting first with the central terminal building. And so now LaGuardia Gateway Partners an equal partnership between vantage scans can Meridian has taken over the operation of LaGuardia central terminal building and commenced the construction program which will take place over the next six years to revamp the central terminal building and develop and to deliver a world class terminal. We have so many news these days of these incredibly long security lines at airports. It's a nightmare for travelers. It is a revamp going to help that in any way. Well two things there first obviously in developing our concept we look to simplify the flow of passengers and also what happens in and around security. Understanding the TSA controls security at LaGuardia but also across the nation. We as LaGuardia and Gateway Partners and vantage in our experience at 28 airports around the world have worked closely with those types of agencies in ensuring we do whatever we can as a key stakeholder and helping facilitate the processing through security of passengers so we as LaGuardia Gateway Partners and we advantage with our experience would look to work with the TSA to make that experience as efficient as possible for the passengers so our design incorporates more intuitive flow of the passengers centralized screening which we hope for the TSA delivers a better outcome .

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LaGuardia Airport's $4 Billion Facelift

George Casey, Vantage Airport Group's chief executive officer, discusses the $4 billion revamp of LaGuardia Airport with Bloomberg's Shery Ahn on "Bloomberg Markets." (Source: Bloomberg)

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