PORT AUTHORITY AND CITY REVISE AIRPORT LEASES
An agreement to change the leases covering Kennedy International and La Guardia Airports was announced yesterday by New York City and the Port Authority of New York and New Jersey. Officials from both sides said the agreement, which followed 18 months of wrangling over financial terms, would stimulate at least $500 million in construction and create thousands of jobs at the airports in the next 15 years. The accord represents a compromise, and representatives of both sides indicated they were satisfied that they would benefit somewhat and were not very concerned with what they had given up.