Stewart International Airport Sees $120 Million Private Investments in Corporate Jet Facilities

Published on May 28, 2024

The Port Authority of New York and New Jersey on May 23 approved leasing a piece of vacant land at Stewart International Airport to be developed into corporate jet facilities. Over the next four or five years, a developer team of SWF Development and AFCO will infuse a combined investment of nearly $120 million to build two adjacent private and corporate jet complexes and create nearly 250 permanent jobs at the airport. Zero capital investment is required of the Port Authority for the development. Instead, the agency will receive $43 million in rental fees over the base lease term of 30 years from the two developers, according to a Port Authority committee meeting on May 23....

Continue reading on website
Other news

Quebec Homeowner Recalls Moment Tornado Hit His Farmhouse West of Montreal

May 28, 2024
A homeowner in western Quebec is recounting a narrow escape after his home was hit by a tornado on May 27 afternoon.Daniel Gélinas was having a coffee in his house in Très-Saint-Rédempteur, near the Ontario-Quebec border, when he noticed swirling clouds and saw part of his deck fly by.He said he just had time to grab his dog and run to the basement before the tornado hit, ripping the roof off his

Montana Couple Who Lost Custody for Not ‘Gender Affirming’ Daughter Files Suit

May 28, 2024
A Montana couple who lost custody of their 14-year-old daughter because they opposed her undergoing “gender-affirming” treatments transitioning her to a boy, has filed a federal civil rights lawsuit against the state’s Child and Family Services (CFS).Todd Kolstad, the girl’s biological father, and Krista Cummins-Koldstad, her stepmother, were told by state social workers that their “objections to