Loop Capital / NY / Cuomo / Delta LaGuardia / Port Authority / $4 billion Infrastructure Project / 2017

Governor Andrew M. Cuomo, together with Delta CEO Ed Bastian, today announced the start of construction on Delta’s new facilities at a groundbreaking ceremony at LaGuardia Airport after the Port Authority of New York and New Jersey signed a new, long-term lease with Delta. The groundbreaking marks the beginning of construction on the final component of the entirely new, unified airport at LaGuardia, which will provide all LaGuardia travelers with state-of-the-art amenities and expanded public transportation, including the planned AirTrain. Governor Cuomo also announced on Tuesday a breakthrough with LaGuardia Gateway Partners (LGP), the firm that is building the western half of the airport. JLC Infrastructure, a joint venture formed by Magic Johnson Enterprises and Loop Capital, will become an MWBE investor with LGP, marking the first time in the state’s history that there will be an MWBE firm investing equity in a public-private construction project. https:// www.loopcapital.com/sites/default/files/Cuomo%20Annoucement%20Release.pdf