JFK New Terminal One Lease Amendment Approved | NY-State-Port Authority of New York and New Jersey | JFK NTO LLC (NTO)

Scope & details

The full contract record, as filed.

Contract amount

Additional rent of $25 million after Phase A DBO, $35 million at Phase B1 notice to proceed, and $15 million at Phase B2 notice to proceed

Contract type

FACILITIES

Contract term

Lease amendment to add Phase B1 DBO outside date of August 31, 2033, and Phase B2 DBO outside date of December 31, 2035; Phase B1 notice to proceed outside date of September 30, 2030, and Phase B2 notice to proceed outside date of June 30, 2033

Renewal date

2035-12-31

Renewal

Lease milestones and development obligations amended; Phase B1 and B2 notice-to-proceed and DBO dates extended. Additional rent is payable at specified project milestones.

Document type

Minutes

Source document

The Port Authority of New York and New Jersey Minutes Board Meeting 2026-09-24

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by NY-State-Port Authority of New York and New Jersey?

Jfk Nto Llc (nto) was awarded this facilities contract by NY-State-Port Authority of New York and New Jersey, as recorded on September 24, 2026. The contract value is Additional rent of $25 million after Phase A DBO, $35 million at Phase B1 notice to proceed, and $15 million at Phase B2 notice to proceed.

How much is the Jfk Nto Llc (nto) contract with NY-State-Port Authority of New York and New Jersey worth?

The Jfk Nto Llc (nto) contract with NY-State-Port Authority of New York and New Jersey is valued at Additional rent of $25 million after Phase A DBO, $35 million at Phase B1 notice to proceed, and $15 million at Phase B2 notice to proceed, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a minutes record.

Where was this contract approved?

This contract appears in The Port Authority of New York and New Jersey Minutes Board Meeting 2026-09-24 (Minutes), dated September 24, 2026 from NY-State-Port Authority of New York and New Jersey. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Jfk Nto Llc (nto) hold?

Jfk Nto Llc (nto) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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