The New Terminal One project that will soon break ground at John F. Kennedy International Airport is a landmark achievement for the New York region that may set a new national standard for public sector construction.
When completed, the state-of-the-art, international terminal will feature expansive public spaces, cutting-edge technology, and an array of amenities designed to create a luxurious passenger experience that rivals the best airports in the world. To get there, a consortium of labor, operating and financial partners have come together in a unique collaboration to envision a project that prioritizes local inclusion, and diversity and creates long-term opportunities for local businesses and residents.
The $9.5 billion project will be built in phases over the coming years and provide for:
- Creation of more than 10,000 jobs, including more than 6,000 union construction jobs
- A nation-leading goal of allocating 30% of spending to contracts with minority- and women-owned businesses
- Multiple capacity-building and job training programs to deliver long-term support to local residents and build and grow businesses, creating careers and upward mobility for underserved communities
As an organization with deep roots in labor, MagnaCare is exceedingly proud to be a part of this transformative project. Through a partnership with union-owned investment and insurance company Ullico Inc. and commercial insurance broker and consulting firm NFP, MagnaCare will deliver workers’ compensation support for the Terminal One project through an alternative dispute resolution (ADR) process. Unlike other workers’ compensation programs, ADR programs offer concierge support to injured workers, streamlining access to quality healthcare services so they can get the support they need to get back to work and back to their lives as quickly as possible.
We applaud the vision of Gov. Hochul, the partners of the New Terminal One consortium, and Gary LaBarbera, president of the New York State Building and Construction Trades Council, for making this project a reality. As Mr. LaBarbera said in the press conference announcing the project, Terminal One is a winning scenario resulting from labor, business, government, and community coming together. We couldn’t agree more.
When stakeholders align around this kind of vision and commitment, it’s possible to create a construction project that maximizes value for everyone — from the funders to the construction workers to the residents of Queens. We hope this project will become a model for union-backed construction across the New York region, and potentially the nation, for years to come.
