The Port Authority of New York and New Jersey on May 23 approved leasing a piece of vacant land at New York Stewart International Airport to be developed into corporate jet facilities.
Over the next four or five years, a developer team of SWF Development LLC and Aviation Facilities Company (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.
